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The Finance Gourmet

Personal Financial Advice from a former Certified Financial Planner

CARES act

withdraw my rmd 2020

Should I Skip My RMD This Year?

May 20, 2020 by Finance Gourmet

As part of the economic relief legislation passed to help with the coronovirus, Congress removed the requirement that people age 70 1/2 and older take their required minimum distribution this year. This leaves many taxpayers wondering, should I skip my RMD this year. Tax Benefits of Skipping RMD This Year …

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Categories Retirement Tags CARES act, coronavirus, required minimum distribution, rmd, rmd 2020

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