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    New IRA Information

    If you are over 70 1/2 years old with an IRA then you are required to take annual RMD (?Required Minimum Distribution?).

    This year (2020) the RMD can be waved because of COVID-19.

    Check with your IRA Financial Advisor.

    This could save you having to sell holdings in a down market in order to fulfill the RMD requirement.


    ​​​​​​​
    Long story short, jab is a male.
    Active member in Bersa Forums since 03-13-2005.

    Certified Armed Infidel

    #2
    FYI, If you haven't started to take out yet, because you haven't hit 70 1/2 yet, there is good news. they recently revised the requirement and changed it to 72 1/2 if you have not been required to start already. If you've started, you have to continue, but those of us who are due soon have a 2 year reprieve.

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      #3
      My normal withdrawals surpass my RMD. Marty does have a small RMD which we have been taking, but it is not enough to increase our tax. Thought I would have to get her to take it, even before notice from the bank, to help pay for my mower, but the gubmit stimulus will do that.
      Think Green.......Recycle Congress

      Certified Armed Infidel

      Right Wing Extremist

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