Selected Columns

As anticipated, the president signed the SECURE Act into law on Dec. 20. As a result, beginning in 2020, RMDs will be subject to some new rules.

When I wrote about the suspension of required minimum distributions (RMDs) for 2020 by the CARES Act, I received a number of emails from readers who could not take advantage.

Are you withdrawing from your IRA or 401(k) because you must, due to “RMD” rules?

The annual RMD is not optional. It is mandated by law. And there are heavy financial penalties for failing to take the RMD on time.