RMD requirement dedline
I heard rumors that there might be changes to the RMD requirement that for seniors who have $100,00 or less in their investments that they won’t have to take the RMD. Have you heard anything like that?
Terry Says
No, I haven’t. And if anything changes it won’t apply to 2021. So take your RMD before year-end to avoid penalties.
The RMD is based on the value of your account at the end of LAST year — December 31, 2020. Your IRA custodian will calculate the amount.
