The SECURE and CARES Acts Change Required Minimum Distributions

A key aspect of saving for retirement through qualified retirement plans and IRAs is deferring taxes until required minimum distributions (RMD) begin. Even with Roth IRAs, beneficiaries who inherit them must also follow RMD rules despite the tax-free treatment of the distributions. The SECURE Act and the CARES Act made dramatic changes in RMD rules for 2020 and beyond.

6 minute readSeptember 01, 2020 at 12:05 AM
By
Sidney Kess
The SECURE and CARES Acts Change Required Minimum Distributions

A key aspect of saving for retirement through qualified retirement plans and IRAs is deferring taxes until required minimum distributions (RMD) begin. Even with Roth IRAs, beneficiaries who inherit them

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