The 2019 SECURE Act changed the rules regarding required minimum distributions (RMDs). These changes were set to take effect in 2020, but the CARES Act, passed last year in response to the COVID-19 pandemic, temporarily suspended required minimum distributions (RMDs) for individuals aged 70.5 or older.
RMDs are back this year, and depending on your age, this could be your first experience navigating the new RMD requirements set forth in the SECURE ACT.
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