BRN Sunday for Sunday, February 21, 2021 | Putting back a CARES Act withdrawal; TikTok gets more competition; Amazon program lets consumers decide which device the company builds next ; a mixed economic picture for the housing market ; DOL investment advice exemption moves forward | special guest: Maurie Backman, Daniel Kline, Kevin Walsh, David Levine, & Jacob Passy | For more info visit www.broadcastretirementnetwork.com and subscribe
BRN FOCUS | Putting back your COVID withdrawal
What are the tax implications for COVID CARES Act withdrawals from your retirement plan?
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Thanks to the pandemic, 2020 was a tax year like no other. Now it's time to tackle your return for Uncle Sam. This filing season millions of taxpayers …
Q. I took out $30,000 from an old 401(k) in August. I don’t have any U.S. earned income for the year because I live abroad. I know I can pay the tax …
Q. If I took a COVID withdrawal from my 401(k), I know there is no income tax due if it’s paid back to a qualified retirement account within three …
One of the most popular articles published last year by PLANADVISER Magazine—called “Warn Your Clients: Don’t Abuse Coronavirus Hardship …
Here’s the problem. According to a 2019 paper by the Employee Benefit Research Institute (EBRI), the median tenure of all wage and salary workers ages 25 or older is only about five years. Don’t blame...