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Expert Analysis

The Bipartisan Budget Act's Impact On Retirement Plans

By Paul Hamburger, Steven Einhorn and Randall Bunnell (April 3, 2018, 12:12 PM EDT) -- On Feb. 9, 2018, Congress passed, and the president signed, the Bipartisan Budget Act of 2018. In addition to continuing to fund governmental operations through March 23, 2018, and reopening the government after a brief shutdown, the Budget Act contains a number of provisions that affect qualified retirement plans. Some of these provisions, such as the relaxation of some restrictions applicable to hardship withdrawals, were considered during the debate of last year's Tax Cuts and Jobs Act, but were ultimately dropped prior to its passage....

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