June 2020 Update to IRS Required Minimum Distribution Rules

June 2020 Update to Required Minimum Distribution Rules

The IRS has added a twist to the rules for required minimum distributions from retirement accounts—a twist that could benefit you. The IRS announced the change on June 23. “Anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a…