What type of annuity?
The CARES act only waived the RMD for certain types of retirement plans. Many annuities would still require RMD's.
SEC. 2203. TEMPORARY WAIVER OF REQUIRED MINIMUM DISTRIBUTION RULES
FOR CERTAIN RETIREMENT PLANS AND
ACCOUNTS.
(a) In General.--Section 401(a)(9) of the Internal Revenue Code of
1986 <<NOTE: 26 USC 401.>> is amended by adding at the end the
following new subparagraph:
``(I) Temporary waiver of minimum required
distribution.--
``(i) In general.--The requirements of this
paragraph shall not apply for calendar year 2020
to--
``(I) a defined contribution plan
which is described in this subsection or
in section 403(a) or 403(b),
``(II) a defined contribution plan
which is an eligible deferred
compensation plan described in section
457(b) but only if such plan is
maintained by an employer described in
section 457(e)(1)(A), or
``(III) an individual retirement
plan.
**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.**
