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View as a web page.
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April 2020
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ANNUITY NEWSLETTER
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The CARES Act and Talcott Resolution Qualified Contracts
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The Coronavirus Aid Relief and Economic Security (CARES) Act recently passed by Congress includes a temporary waiver of the requirement to take Required Minimum Distributions (RMD) for most qualified plans during 2020. The act also suspends RMDs for beneficiaries of most qualified plans in 2020.
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If you have clients that are currently enrolled in the automatic RMD program, Talcott Resolution will continue to calculate their RMD for 2020 and distribute those payments to them. If you have clients that would like to adjust their existing automatic RMD program due to this new law, you may contact our Annuity Service Center at 1-800-862-7155 Monday through Thursday, 8:00 a.m. to 7:00 p.m., or Friday, 9:15 a.m. to 6:00 p.m., Eastern Time, and one of our representatives will assist you.
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