Ask Terry Questions RMD rollover of monthly distributions

RMD rollover of monthly distributions

By Terry Savage on June 02, 2020 | Financial Planning / Retirement

In your column of June 1, you wrote that people taking out monthly RMDs in early 2020 can return them. I received a monthly distribution on 2/28, 3/27, and 4/27. Can I return all of them or am I allowed to return only one monthly check? If I send one check for those 3 months, will that count as one return? Thank you for your help in this. I am receiving conflicting advice.

Terry Says

Contact the custodian for your IRA! They will know the rules and will make sure the money is returned appropriately. Or you can just keep the money already received — and ask them not to send any future distributions this year.

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