E.g., 09/26/2020
E.g., 09/26/2020
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In Notice 2020-51, released on June 23, 2020, the IRS provided additional guidance regarding the waiver of the required minimum distribution (RMD) for the 2020 tax year under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The Notice also includes transition relief for plan administrators and payors related to the change in the required beginning date for RMDs under the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act of 2019.
Across the United States, one in five children and adults—that’s 65 million people—will experience a special need or disability during their lifetimes. Serving the special needs community is an extension of Voya's efforts to help all Americans have the quality of life they seek in retirement. As part of this effort, Voya is instituting pilot programs for financial advisors to specially train and arm them with the information and resources they need to better serve the needs of families facing disability challenges.