IRA Archives - Mascoma Bank

Mascoma Wealth Management Resources

IRS Offers Relief to Retirement Plan Participants

New guidelines for retirement loans and distributions due to COVID-19 On June 19, 2020, the Internal Revenue Service announced new guidelines to help those affected by COVID-19 gain more access to retirement plan distributions and loans. The IRS expanded the categories of those eligible, called qualified individuals, and increased the dollar limit on loans to

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Posted by Mike Hemingway on July 29, 2020

4 reasons to contribute to an IRA

Saving in an IRA comes with tax benefits that can help you grow your money. Key takeaways Give your money a chance to grow. Get tax benefits. The earlier you start contributing, the more opportunity you have to build wealth. It can pay to save in an IRA when you’re trying to accumulate enough money

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Posted by Mike Hemingway on June 15, 2020