Questions about the CARES Act: Q&A #2015

April 11, 2020

Questions about the CARES Act: Q&A #2015

Jim and Chris address three very specific questions on the recently passed CARES Act and how it relates to IRAs, Required Minimum Distributions, and Coronavirus Related Distributions from retirement accounts.

(32:35) A Virginian asks if the CARES Act could enable his wife to strategize Roth conversions with her TSP.

(44:00) Another question from that same Virginian: will his mother be required to take her RMD before she does a Roth conversion in 2020?

(50:23) A Wisconsin listener wonders about the possibility of doing a Roth conversion with no tax liability.

(53:48) A North Carolinian would like some confirmation regarding an RMD rollover strategy his father would like to do.

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Jim Saulnier and Associates | 970-530-0556 | 506 East Mulberry Street, Fort Collins, Colorado 80524

Jim Saulnier, Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC to residents of: CO, IA, IN, MA, NY, TN, TX, WI and WY. No offers may be made to or accepted from any resident outside the specific states mentioned. Jim Saulnier, Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Financial Planning services offered through Jim Saulnier and Associates, LLC., a Registered Investment Advisor. Cambridge and Jim Saulnier & Associates, LLC are not affiliated.