Oct. 5, 2020

Photo: pixabay.com

Some people have taken early withdrawals from retirement accounts plans because of the coronavirus. The penalties are waived, but you’ll still owe taxes. If you decide to put the money back and taxes were already withheld, we looked at what you need to know about making the account whole.

We also considered what happens to state taxes if you take that early withdrawal, and what’s different for Required Minimum Distribution rules because of the pandemic.

See all that and more in this week’s eNewsletter.