How the CARES Act Impacts your 2020 Required Minimum Distribution

The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) offers important relief for retirees; most notably, Required Minimum Distributions (RMDs) from retirement accounts are suspended for 2020. Is my 2020 RMD included in the CARES Act relief? The CARES Act waives the 2020 RMD from various retirement accounts including 401(k), 403(b), and governmental…

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