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Daybright Financial
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MAP Retirement
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Nova 401(k) Associates
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Daybright Financial
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Senior Counsel – Investment Solutions Great Gray Trust Company
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Retirement Relationship Manager MAP Retirement
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CRDs and Roth Conversions -- Abuse of the Rules?
Slott Report 
May 19, 2020 "The CARES Act does not appear to preclude an affected person from taking a CRD and immediately rolling those dollars into a Roth as a conversion. The taxes can then be spread over the CRD-allowable 3-year period. Individuals who do not need the money from their retirement account due to a coronavirus emergency, but who can otherwise shoehorn themselves into the definition of an 'affected person,' could abuse this loophole." |
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