The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings. Eligibility A taxpayer may be eligible for relief that provides for expanded access to their retirement funds if their principal residence was in a...
WASHINGTON – The U.S. Department of Labor has issued guidance and provided relief for participants and beneficiaries and employee benefit plans affected by Hurricane Helene and by Hurricane Milton. The department recognizes that plan participants and their families affected by these disasters are facing many challenges, including the...
In 2022, the Federal Emergency Management Agency has declared over 60 natural disasters across the United States. Deadly fires in the West and Southwest, flooding in Puerto Rico, Kentucky, Minnesota and Alaska, water supply crises in Mississippi and the U.S. Virgin Islands, and severe seasonal...