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1 min read

IRS Provides Flexibility on RMD Rollovers for 2020

By NAIFA on Jul 24, 2020 4:43:03 PM

The CARES Act, signed into law in late March, waives the 2020 required minimum distribution (RMD) for IRAs and defined contribution plans, like 401(k)s and 403(b)s. This provides owners of these products flexibility and prevents them from having to draw down their plans while facing COVID-19-related market volatility.

Topics: COVID-19 Retirement Plans

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