As an associate member I’ve been on the periphery of all of your communications on the FIAE listserve and must say I am very impressed by all of your leadership and thoughtfulness through these tenuous times. The business community and ultimately the greater public in general are lucky to have such great representation. In an effort to do my part and from my respective industry I wanted to share some insight on the bill signed on March 27th to aid employers and employees weather the financial impact that they may experience through this epidemic. The CARES (Coronavirus, Aid, Relief & Economic Security) Act, allows for the liberalization on some of withdrawals one might make from a qualified retirement plan including hardship withdrawals and loans, additional resources for student loan debt, relief for Defined Benefit funding, and changes to HSA usage. Attached is a FAQ outlining some of these provisions should you wish to provide to your business owner members.
John R Heise,CFP®,CLU®,ChFC®,CLTC®,AIF® Financial Planner/Investment Advisor Representative Atlas Financial Group, LLC 53 Goffstown Rd. Suite B Manchester, NH 03102 Office: 1-603-581-7125, ext 102 Cell: 1-603-661-3069 Fax: 603-737-0319 email@example.com