2020 RMDs are Suspended | IRA Custodians | Mainstar Trust

1/21/2021

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) waives the IRA accountholder responsibility for taking a Required Minimum Distribution (RMD) for 2020.

Congress passed legislation to suspend the required distributions due to the decline in asset values and IRA balances.

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2020 RMDs are Suspended | IRA Custodians | Mainstar Trust

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