Stimulus Plan Includes Temporary RMD Waiver
April 1, 2020 by Melanie Waddell
The $2 trillion stimulus plan enacted Friday includes a temporary waiver of required minimum distribution rules for certain defined contribution plans and IRAs for calendar year 2020.
The provision, according to the bill text, provides relief to individuals “who would otherwise be required to withdraw funds from such retirement accounts during the economic slowdown due to COVID-19.”
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Originally Posted at ThinkAdvisor on March 31, 2020 by Melanie Waddell.
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