Ask Terry Questions Required Minimum Distribution for an IRA 2020

Required Minimum Distribution for an IRA 2020

By Terry Savage on May 11, 2020 | Financial Planning / Retirement

Will the RMD for an IRA be waived for 2020; I would prefer to keep that amount in my account.

Terry Says

RMDs have already been waived for 2020. You do not have to take a withdrawal — although, of course, you can always withdraw if you need the money.

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