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CARES Act – Allows Return of Unwanted 2020 RMDs

CARES Act – Allows Return of Unwanted 2020 RMDs

The CARES Act was set in place to provide emergency assistance and health care response for individuals, families, and businesses affected by the COVID disease. It also allowed retirees to bypass their RDM’s but does it make sense to return that money to your accounts? Below I explain a bit more about this specific situation.

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Brian Bickett is a CERTIFIED FINANCIAL PLANNER™ Professional
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Financial Planning Association CERTIFIED FINANCIAL PLANNER Advisor in Rapid City, South Dakota