CARES Act Eliminates RMDs For 2020
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act, recently passed into law, includes a number of measures designed to stimulate the economy. One provision allows retirees to forgo taking Required Minimum Distributions (RMDs) from IRAs or 401(k)’s (or other qualified accounts) this year (2020). Furthermore, the relief applies to both retirement account owners, as well as to…