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Start Planning for Your 2021 RMDs Now

February 1, 2021

From the U.S. News & World Report website

The rules for taking required minimum distributions from IRAs, 401(k)s and other retirement-savings plans have changed significantly in the past few years. The SECURE Act, passed in late 2019, raised the age to start taking the required withdrawals from 70½ to 72. Then the Coronavirus Aid, Relief and Economic Security Act, or CARES Act, waived the RMD requirement for everyone in 2020. But the newest COVID relief bill did not extend the waiver, and RMDs are scheduled to resume in 2021.

Now is a good time to start making plans for this year’s RMDs. The following steps can help:

From → Finance

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