Author(s): Susan Flax Posner
The CCH Answer Connect Guide on Retirement Planning explains the implications of the change made by the Tax Cuts and Jobs Act. affecting retirement planning. Items in the Act that affect retirement planning include, among others, recharacterization of IRA contributions in certain cirumstances, an extended rollover period for plan offset amounts, length of service awards to public safety volunteers, qualified disaster distributions taxable over a three-year period, qualified 2016 disaster distributions not subject to 10% early withdrawal penalty, three year period to recontribute qualified 2016 disaster distributions and the period to amend qualified plans and IRAs for the new law changes has been extended.
CCH Answer Connect Guide on Retirement Planning is now available in an eBook format which you can download to your computer instantly.