News for Beneficiaries of Inherited IRAs and 401(k)s

The new Coronavirus Relief law says that beneficiaries of inherited IRAs and 401(k)s do not have to take mandatory withdrawals in 2020. The Coronavirus Relief bill waives required minimum distributions from individual retirement accounts and 401(k) plans in 2020. But beneficiaries who are short on cash still have the option of taking their annual withdrawal to help them through this tough financial stretch. John M. Schneider and his team of wealth advisors at JMS Capital Group Wealth Services can help you make sense of the new legislation. Call 412-415-1177 for financial planning advice.