Ask Terry Questions RMD in 2020

RMD in 2020

By Terry Savage on April 03, 2020 | Financial Planning / Retirement

I heard that we can reduce the amount taken from our IRAs to help offset declines. What is the percentage the government is setting that must be made to meet RMD requirement?
Thank you,

Terry Says

In 2020, you are not required to take ANY distribution from your IRA (which would have been based on your 2019 year-end balance).
So what you heard is all wrong!

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