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New Member
posted Oct 10, 2020 8:57:44 AM

Is the required minimum distribution waved for IRA's for 2020?

Is the required minimum distribution waved for IRA's for 2020?

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2 Replies
Level 13
Oct 10, 2020 9:45:57 AM

The answer is "yes", depending on your birthday. Please see https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds 

Level 15
Oct 10, 2020 12:49:52 PM

Due to COVID-19, you don't have to take a 2020 RMD. Your birthday has nothing to do with this.