2020 RMD Recontribution Deadline!
While you are not required to take a minimum distribution in 2020 due to the pandemic, some may have already done so. In case you weren’t aware, there is an option to put the money back into that same IRA or a new IRA and save tax dollars, if you have not done so already. Please contact your financial representative to discuss any paperwork needed. Act quickly as the deadline to do so is August 31, 2020!
https://www.irs.gov/newsroom/irs-deadline-to-return-distributions-to-retirement-accounts-is-aug-31
If you are over 70, please read! 2020 RMD Recontribution Deadline
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