Article 54C42 Should You Return Your 2020 Required Minimum Distributions?

Should You Return Your 2020 Required Minimum Distributions?

by
Nicole Dieker on Two Cents, shared by Nicole Dieke
from Lifehacker on (#54C42)
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If you took required minimum distributions from your traditional IRA or 401(k) in 2020, you might be able to put them back in. The CARES Act allows retirees to waive both 2020 required minimum distributions (RMDs) and any 2019 RMDs due by April 1, 2020 for individuals who turned 70.5 in 2019. That means that if you...

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