Fixing Unwanted RMDs Taken Before The CARES Act Waiver Of 2020 RMDs
Robert Powell, CFP®
Our good friend Jeffrey Levine just published on Kitces.com this article about fixing unwanted RMDs taken before the CARES Act waiver of 2020 RMDs. We know this has been a big problem for many in the Retirement Daily community. The article is intended for financial advisers but I, for one, think "students of retirement" and others will benefit greatly by reading this article, https://www.kitces.com/blog/2020-rmd-waived-cares-act-irs-notice-2020-23-fix-unwanted-rmd-rollover/.
Fixing An Unwanted 2020 RMD Via Rollover
Retirees who have taken RMDs for 2020 (or for some who took 2019 RMDs timely in 2020) can leverage several strategies to return unwanted distributions.
BTW, Jeffrey Levine, CPA/PFS, CFP®, CWS®, MSA is the Director of Advisor Education for Kitces.com and the Director of Advanced Planning at Buckingham Wealth Partners.