Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Atlantic Pension Services Inc
Nova 401(k) Associates
The Retirement Plan Company (TRPC)/an ABG firm
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|If You've Dipped Into Savings, Here's How to Get Your Retirement Account Back on Track|
June 14, 2021
"If you withdrew or plan to withdraw tax-deferred savings as a result of financial hardship, you will need a strategy for getting your retirement plan back on track.... Consider recontributing some or all of the distributed funds within three years or increasing your contributions to make up for the lost time. Be sure to amend your tax return if you report distributions as taxable income and later return them to the account within the three-year period."
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