The first financial challenge associated with RMDs is the return of the RMD rules in 2021.
The combined effect of the CARES Act that in fact waived 2020 RMDs, the delayed effective date of the new IRS life expectancy tables, and the increase of the starting RMD age from age 70.5 to age 72 (a result of the SECURE Act passage), will make it challenging for individuals and their financial advisors to keep track of the RMD rules over the next two years.
One way was with respect to the rules that govern retirement accounts and required minimum distributions (RMDs) associated with IRAs and retirement plans (including the TSP). The year 2020 was one of the most eventful years in many ways. Before presenting the general RMD calculation procedure, it is useful to review what an RMD actually is. This column explains how RMDs will be calculated during 2021 for those individuals who are required to take them. Federal Employees, Retirement, Secure Act
0 kommentar(er)
