August 6, 2020

The CARES Act Provisions Explained…

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The CARES Act
Provisions Explained…

The IRS recently provided clarity surrounding the CARES Act (passed in March 2020) and actions put in place for IRA and retirement plan account holders.

Did you take Required Minimum Distributions (RMDs) in 2020?

If yes, you have until August 31, 2020, to roll the money back into a qualified account. This also applies to beneficiaries of inherited retirement accounts.

Are you, or someone you know, feeling financially stressed?

New law allows taxpayers, eligible for coronavirus-related relief, to take withdrawals from qualified IRAs and retirement plans.

Are you eligible for these coronavirus-related provisions?


Do these provisions concern you?
Click the button below to schedule a call or simply reply to this email with any questions you may have.

BROUGHT TO YOU BY:

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Thomas G. Duffy, CPA/PFS
Partner/ Woodland Hills
DK Wealth Management LLC
21600 Oxnard Street, Suite 2000 Woodland Hills, CA 91367

Tel 818-385-0585
tom@dkllpcpa.com

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Daisy Hom, CPA
Partner/San Diego
DK Wealth Management LLC
4225 Executive Square, Suite 900
La Jolla, CA 92037-1485

Tel 858-642-5050
daisy@dkllpcpa.com

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Kristopher Lindley, CFP®
Financial Consultant
DK Wealth Management LLC
12555 High Bluff Drive, Suite 210
San Diego, CA 92130

Tel 619-550-4619
Kristopher.Lindley@LPL.com

DK Wealth Management LLC | La Jolla | University Heights | Woodland Hills | Beverly Hills

Investment advice offered through Integrated Financial Partners, doing business as DK Wealth Management LLC, a registered investment advisor. Thomas Duffy and Daisy Hom are solicitors to Integrated, compensated for solicitor services. Thomas Duffy and Daisy Hom do not provide investment advice. Thomas Duffy and Daisy Hom are not affiliated with Integrated Financial Partners. Click on the links for a copy of the firm’s ADV and solicitor disclosure statement.

The information in this material is for general information only and is not intended to provide specific advice or recommendations for any individual. Integrated Financial Partners and LPL Financial do not provide legal/tax advice or services. Please consult your legal/tax advisor regarding your specific situation.

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