If you typically have a required minimum distribution, that could be because you were over the age of 70 ½ in 2019 and own an IRA or retirement plan, or you inherited a retirement account in 2019 or earlier, in either case, the CAREs Act provides the opportunity to skip that distribution for 2020.
Today we’ll focus on who this applies to, why it was done, and wrap up with some planning strategies.
DHGWA Article on Required Distributions and CAREs Act.
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