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2021 Retirement Plan Limits Announced

The IRS announced the 2021 cost of living adjustments (COLA) to Section 415 of the IRS Code. This update is provided for informational purposes to our retirement plan client and is not intended as legal or tax advice.

Section 415 of the Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. It also requires that the Commissioner annually adjust these limits for cost-of-living increases.

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CARES Act

I hope things are well and you are staying healthy. If you have any questions on the information below, please reach out to mus. On Friday March 27th, President Trump signed the CARES Act into law. T

This communication strictly intended for individuals residing in the states of CA, CT, DC, FL, IL, IN, MA, MD, ME, NC, NH, NJ, NY, RI, SC, TX, VA, VT, WA. No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services. Investments are not FDIC- or NCUA-insured, are not guaranteed by a bank/financial institution, and are subject to risks, including possible loss of the principal invested. Securities and advisory services offered through Commonwealth Financial Network®, Member FINRASIPC, a Registered Investment Advisor.

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