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Episode 15: Issues with the CARES Act
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On March 27, 2020, the House passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a $2.2 trillion dollar relief bill to counter the economic impact of the COVID-19 pandemic. The legislation contains several retirement plan-related provisions aimed at helping plan sponsors and participants deal with the implications of the pandemic.
However, the nuances of three of the provisions may have some unintended consequences. In episode fifteen of Revamping Retirement, Mike Webb discusses the potential issues with these CARES Act provisions.
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