A 2020 RMD question

Q: I am going to defer my 2020 RMD under the CARES Act, will I have to take a double RMD in 2021?

A: No you will not. The CARES Act waives RMD’s for 2020, in 2021 the RMD schedule will resume at the normal rates of withdrawal.

Disclosures:http://www.hechteffect.net/?page_id=31

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