Advice for Protecting Your Retirement Savings Plans
TIAA and Vanguard address participant’s concerns on their home pages, so please take a few minutes to visit www.tiaa.org and www.vanguard.com for this information.
TIAA and Vanguard are also holding virtual one-on-one counseling sessions where you can ask questions. You can schedule an appointment online at:
800-662-0106 ext. 14500
Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which offers the following relief measures for retirement plans:
- Loans up to $100,000 for “affected individuals”
- Coronavirus-related withdrawals up to $100,000 with special tax treatment
- Required minimum distributions (RMDs) are waived for 2020
For more information about these measures, visit Penn’s Retirement Plans and COVID-19 webpage.
For general personal finance information not directly related to retirement plans, please visit the Consumer Financial Protection Bureau website.