No RMDs for 2020 – What You Need to Know
No RMDs are required for 2020 thanks to the CARES Act. Required distributions, normally due once you reach age 72, are waived until next year.
New RMD Rule – What You Need to Know
Key Points The SECURE Act has changed the RMD age from 70 1/2 to age 72. If you turn age 72 on January 1, 2021, you have until April 1, 2022 to make your first distribution. If you turned 70 after June 30, 2019, you do not need to start withdrawing this year. As you […]
Required Minimum Distributions – a Follow-Up
Recently, we published an article entitled “Taking RMDs from Retirement Accounts.” We discussed the basics of taking required minimum distributions from your retirement account(s). In the following, we wanted to expand on the basics and give you a few more tips. Remember, if you are at least age 70 1/2, you must start taking RMDs […]
Missed RMD? Here’s what You Need to Do!
If you missed an RMD whether you forgot entirely or missed an old plan that should’ve been factored in, it’s fairly simple to rectify the mistake.
