Tom Posted March 23, 2020 Posted March 23, 2020 I've not seen anything regarding extending grace perionds for participant loan to prevent defaulting. Has anyone seen anything? I have a financial advisor telling me that defaults will not happen.
Lois Baker Posted March 23, 2020 Posted March 23, 2020 Several retirement plan provisions, including easing withdrawal penalties and repayments, as well as loan relief, were included in the CARES bill ... which was scuttled last night. Who knows what happens next ...
JOH Posted March 23, 2020 Posted March 23, 2020 The proposed CARES Act would delay repayments by 1 year for all repayments due from the time of enactment to 12.31.2020. But this in the current CARES act and would need to be approved.
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