A lot can change in very little time within the retirement planning field and qualified retirement plan arena. This is particularly true when the federal government is passing laws in response to a worldwide pandemic and a potential retirement shortfall for many American workers. If a financial service professional blinked, they might have missed several recent revisions made by the government to cope with these simultaneous crises. We present a 30-question quiz that contains many statements that were true not too long ago but are false today. The legislative landscape has shifted, and a refresher may be needed to see just what actions were taken to respond to the coronavirus pandemic and a growing realization that America is not adequately prepared for retirement.
Author: Kenn Beam Tacchino, JD, LLM, is a professor of taxation and financial planning at Widener University in Chester, PA. Professor Tacchino has won awards for both his teaching and his scholarly writing. Among other consulting activities, he conducts retirement planning seminars for employee groups.
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