The CARES act for COVID-19 relief waived all RMD's for 2020.
However the SECURE act also changed when the first RMD must be taken if you turn 70 1/2 in 2020.
The Secure Act made major changes to the RMD rules. If you reached the age of 70½ in 2019 the prior rule applies, and you must take your first RMD by April 1, 2020. If you reach age 70 ½ in 2020 or later you must take your first RMD by April 1 of the year after you reach 72.
https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-required-minimum-distributions
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
