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Florida, as we brace for Hurricane Milton this Wednesday, let's talk financial preparedness. Did you know you can access retirement funds in disaster situations? From 401(k) loans to IRA distributions, these options can be crucial when insurance isn't enough. Catherine Ratcliffe (STR Benefits Consulting) and I are here to help both employers and employees understand these financial lifelines. Need personalized guidance? Call us at 813-669-4454. Stay safe, stay informed, and let's weather Milton together. #HurricaneMilton #FinancialPreparedness #HRSupport

Under the SECURE 2.0 Act there are special rules for distributions from IRAs and retirement plans for those impacted by a federally declared major disaster. Expanded distribution options, and favorable tax treatment for up to $22,000 from eligible retirement plans, as well as the ability to repay distributions taken for a first time home purchase that was not used due to the disaster, are included in these special rules. With hurricane season ahead, you may want to read more here: https://lnkd.in/eiW98tw9

??? Accessing Retirement Funds After a Disaster ??? Have you been affected by Hurricane Helene, Hurricane Milton, or another major disaster? You may be able to access your retirement plan or IRA funds more easily. Learn about qualified disaster recovery distributions, penalty-free withdrawals, and disaster-related plan loans. Find out how you can get financial relief and the steps involved. Read more for detailed information and ensure your financial stability during tough times. #DisasterRelief #RetirementPlanning #FinancialSecurity

??? Emergencies happen, but your finances shouldn’t take a hit! Our latest?blog?offers?practical tips for protecting your retirement plan?during natural disasters. Be proactive—secure your financial future today. ?? Read the blog:?https://lnkd.in/eRTjz4EF #yields4u #RetirementPlanning #NaturalDisasters #EmergencyPreparedness

Just like hurricane season, economic downturns are inevitable. Start by building a cash reserve and minimizing debt. Long-term, review your retirement savings and investments. Proactive planning is essential to weather financial storms. Consult a trusted financial advisor to ensure you're prepared for whatever comes your way. #FinancialPlanning #PrepareForTheFuture https://bit.ly/4cMKEYG

?? Tax Relief for Hurricane Victims! ????? The IRS is extending deadlines for individuals and businesses impacted by Hurricanes Helene and Milton, giving them until May 1, 2025, to file and pay. Special tax deductions, disaster payments, and retirement relief are available to help recover losses and ease financial burdens. ?? Key Points: ?? Extended filing deadlines for affected states ?? Disaster-related payments are tax-free ?? Casualty loss deductions for property damage ?? Dedicated IRS hotline for disaster-related queries ??Take control of your financial recovery with expert guidance! Book a consultation with RP Financial Services today. Let's help you navigate these tax relief options. #TaxRelief #DisasterAssistance #IRSHelp #FinancialRecovery #RPFinancialServices #BusinessRelief #HurricaneRelief #TaxDeadlines #FinancialSupport #DisasterPreparedness

??Disaster Relief for Retirement Funds ?? Check FEMA’s site for current disaster declarations ?? FEMA.gov/Disaster IF you'd like to help out, you can go to: https://supportlafd.org If you’ve been impacted by the wildfires in California, you may qualify for early access to your retirement savings under the SECURE 2.0 Act. ? Withdraw up to $22,000 from an IRA or eligible retirement plan. ? No 10% early withdrawal penalty. ? Option to repay the amount within three years. ? Spread the income tax over three years. This relief may help ease financial stress to the families affected by the fires. #DisasterRelief #FinancialHelp #RetirementFunds #SecureAct #LAFireRelief #lafiredepartment #lafirefighters #LAFireAndRescue #LAFire #LosAngelesFire #losangelescalifornia

Important Hurricane Update: 401k Access for Disaster Relief For anyone impacted by recent hurricanes, if your state has been declared a "Disaster Zone" by FEMA, there’s some financial relief available: ??401k Access with No Early Withdrawal Penalty: You can access your 401k funds?without?the standard 10% early withdrawal penalty before age 59?. States that likely qualify include Tennessee, Virginia, Georgia, South Carolina, North Carolina, and Florida. ???Flexible Tax Repayment Options: You can opt to spread out the tax payments over a 3-year period. And if you’re able to replace the funds into your 401k within those 3 years, you may even avoid owing taxes on the withdrawal. This measure is designed to provide critical financial flexibility to those who need it during recovery. For more specific guidance on your plan, consult a financial advisor or tax professional. Stay safe and take care! #HurricaneRelief #401k #DisasterRelief #FinancialPlanning https://lnkd.in/d9-KUEgC

? ?? After the Hurricane – Let’s Help You Rebuild Financially??? ?? The storm may have passed , but now is the time to rebuild both physically and financially. If you’re dealing with IRS issues or tax challenges, we’re here to help you weather the financial storm. Here’s how we can guide you through the next steps: ?? Step 1: Assess the Damage (Where Do You Stand Financially?): * Just as you assess the physical damage after a hurricane, it’s crucial to assess your financial situation. If you’ve been hit hard by the storm or have unresolved tax matters, now’s the time to review everything. ?? Step 2: Reach Out for Support (We’re Here to Help): * Whether you’ve been delayed in handling your tax issues due to the hurricane or you’re now facing new financial hardships, contact us. We understand the impact disasters can have on your finances, and we’re ready to assist. ?? Step 3: Explore Tax Relief Options (You May Qualify for Special Programs): * You may be eligible for tax relief or extensions due to the hurricane’s impact. We can help you navigate IRS relief programs specifically designed for disaster recovery. ??? Step 4: Create a Tax Resolution Plan (Step-by-Step Guidance): * We’ll work with you to develop a customized plan to resolve your IRS matters, whether it’s tax debt, unfiled returns, or penalties. Our goal is to get you back on your feet financially. ??? Step 5: Stay Committed (Rebuild Your Financial Future): * Just like rebuilding after a hurricane takes time, so does financial recovery. Stick with the plan, stay in touch with us, and together we’ll ensure you regain financial stability. ?? ?? You’ve been through the storm—let’s get through your IRS challenges together. ?? We’re ready to help you rebuild and recover. ?? Call us today at (772) 237-9919 ??? Visit us at https://lnkd.in/edUDNrtd ?? Email us at [email protected] ?? JOIN our Facebook Group: https://lnkd.in/eiJ8G6Fz #TaxResolution #FinancialRecovery #PostStormSupport #ARFinancialConsultingGroupINC #IRSHelp #StayStrong