Page 28 - BusinessWest August 3, 2020
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  Accounting & Tax Planning
Changes to the Rules
COVID Brings Some Relief, and Options, with Retirement Plans
The COVID-19 pandemic has impacted individuals in the same way it has businesses. In short, it has brought new financial challenges and questions about coping with today and trying to be prepared for tomorrow. As a result of these challenges and questions, some of the time-honored rules of the road when it comes to retirement plans, including those regarding distributions, loans, and other matters, have been changed, bringing relief — and options — for individuals saving for the future, as the stories as pages 29 and 30 explain.
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