April 17, 2020

Required Minimum Distributions waived In 2020

CD Tax & Financial COVID-19, Individual Tax, Legacy Planning 104K, distributions, IRA, required minimum distributions, retirement plans, RMD, SEP, simple IRAs

Required Minimum Distributions (RMDs) waived in 2020. This includes Traditional, SEP, and SIMPLE IRAs, and employer plans such as 401(k)s, 403(b)s and governmental 457(b)s. 403(b)s and governmental 457(b)s. If you already took your RMD for 2020 and wish to return those funds to the account to avoid paying tax, there are two options: If the […]