Sandy Relief Part 2 – Hardships & Loans from Retirement Plans

December 17, 2012 at 6:19 pm Leave a comment

 

As I mentioned recently, the IRS announced Sandy relief for retirement plans.   Located on their website at http://www.irs.gov/Retirement-Plans/Hurricane-Sandy-Relief-Retirement-Plan-Loans-&-Distributions, the IRS details the available relief in a convenient chart format. Participants in a qualified 401(k), 403(b) or 457(b) plan may be eligible to take a hardship or loan, if the plan document allows, for expenses related to Hurricane Sandy. As detailed in the chart, participants will need to live or work as of the date listed in the affected zone.

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This Week Retirement Plan Minimum Distributions Part III

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

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