Ask Terry Questions RMD – Withdrawal?

RMD – Withdrawal?

By Terry Savage on March 23, 2021 | Financial Planning / Retirement

Will RMD Withdrawal be mandatory for those over 70 1/2 in 2021?
I believe this was not required for 2020, due to a law in the Cares Act.

Enjoy listening to your wisdom with John on WGN.
Thanks

Terry Says

There was NO required RMD in 2020.
And even before the pandemic, they changed the rules and you don’t have to take an RMD until the year you reach age 72.

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