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Daybright Financial
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Recent Legislation Impacts Retirement Plans
Retirement Management Services Link to more items from this source
[Guidance Overview]
Feb. 19, 2018

"Beginning with distributions occurring on or after January 1, 2018, employees will have until the due date of their tax return (including extensions) to roll over a loan that has been offset.... [T]his change only applies to loans that are being distributed. If a loan goes into default because no loan payment has been made within the default cure period ... the loan will be treated as a taxable distribution to the participant."  MORE >>

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