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Did You Know…?

August 11, 2020 | COVID-19

REMINDER – The Internal Revenue Service is allowing taxpayers who have taken a 2020 Required Minimum Distribution (RMD,) which includes beneficiaries, to repay that amount back to their retirement account(s) by August 31.  For taxpayers who took more than the RMD, only the RMD portion would be allowed to be repaid unless a 60-day rollover would otherwise be available.  If you took an RMD and wish to return some or all of it, please contact your financial advisor.