October 2020: RMDs?

Usually, at this time of year, many retired people would have a decision to make concerning their Required Minimum Distribution (RMD) from their IRAs before year-end. However, 2020 has been a very unique year and Congress has actually waived RMDs for this year. Our newsletter this month will discuss potential withdrawal options for 2020, depending upon your personal financial goals and tax planning. A brief reminder on what an RMD is: A Required Minimum Distributions (RMD) is a required annual distribution of funds from an IRA starting the year in which the IRA owner turns 72. (Please note that any distribution, including RMDs, made to you from most IRAs is taxable as ordinary income. Previo

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