With the passing of the CARES Act, Congress provided some financial relief to retirees by waving required minimum distributions (RMDs) for 2020.
Melanie Ross, CFP®, with NCA Financial Planners answers some common questions retirees are asking.
1. What if I already took my RMD this year?
2. Will the IRS double the required amount in 2021?
3. Will my 2021 RMD be based on 2020 year-end balances?
4. Should I take my RMD or skip it?
with Melanie Ross, CFP®, NCA Financial Planners
Aired 8/19/2020 WTAM AM 1100
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