Retirement Archives - Mascoma Bank

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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