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COVID and IRA Distributions

Answered by: 

Question: 
Under the CARES Act can the customer take money out of a 401K and repay it to an IRA in three years?
Answer: 

Yes, it does not matter what retirement vehicle you pay it back to and the one per year rollover rules do not apply.

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Learn more about Deborah Crawford’s IRA – Distributions
webinar.

First published on 01/10/2021

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