August 31 – The Deadline for Rolling Back RMDs into Retirement Accounts
President Trump officially signed the CARES Act on March 27, 2020. The Act allows retirement plan owners to skip taking their Required Minimum Distributions (RMDs) in 2020, if they so choose. This is intended to benefit those who are in a good financial position and do not need to take their RMDs during these unsettling times. What about those who already had taken their RMDs for 2020?
Is There A Retirement Spending Balance: Not Too Much, Not Too Little?
“People entering retirement will have to devise a smart strategy of how to spend their savings. They don’t want to outlive their nest egg, and they also don’t want to live more frugally than they need to.”
Stretch IRA Is Useful but May Become a Tool of the Past
You can call your Congressional representative, but there is little else you can do.
