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CARES Act

What is the CARES Act?

Coronavirus Aid, Relief and Economic Security Act (CARES Act) was enacted on Friday, March 27, 2020 and provides for aid and assistance to individuals and businesses as the country deals with the coronavirus pandemic. The CARES Act contains numerous provisions and provides over $2 trillion worth of financial stimulus designed to help individuals, families, businesses, nonprofits and healthcare workers and providers. There are other changes that are outlined in the CARES Act, but for this purpose we are just focusing on retirement account related questions.

Frequently asked questions for retirement accounts

Retirement Accounts

What impact does the CARES Act have on retirement accounts?

Who is considered a “qualified individual”?

How does the CARES Act impact my RMDs?

Making changes to your RMD at TD Ameritrade

How do I set up a temporary distribution if I need to take money from my IRA account?

How do I stop recurring distributions if I do not need to take assets from my account?

I already took my RMD for 2020. Is there a way to put the money back into my IRA?

Early withdrawals at TD Ameritrade

How can I request an early withdrawal from my IRA?

Inherited IRAs

Does the RMD waiver apply to life expectancy payment distributions that are required to be taken in 2020 by IRA and employer plan beneficiaries?

Does the CARES Act provide relief from mandatory distributions for IRA beneficiaries and retirement plan beneficiaries who are subject to the 5-Year Rule?

Does the CARES Act provide any relief for beneficiaries of IRA owners and plan participants who have passed away during 2020?

Discover how the CARES Act might impact your retirement accounts.

Get in touch Call or visit a branch

Call us: 800-454-9272

175+ Branches Nationwide

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