REQUIRED MANDATORY DISTRIBUTIONS

Bottom Line from AARP

RMDs due for 2020 are waived, but you can take them if you need the funds or to take advantage of the tax planning opportunities opened for this year.

Also, there has been a change in starting age from 70.5 to 72.  For more information see https://www.aarp.org/money/investing/info-2020/cares-act-retiree-tax-benefit.html.

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