Posted by Susan Veligor on February 24, 2020
If you are feeling a bit confused around the new legislation as it relates to RMDs, here’s a link to an IRS chart that helps dispel any mystery.
A question we’ve received lately relates to the ability to postpone distributions from employer sponsored retirement accounts (401k, 403b, etc.) if one remains working at the company beyond age 72. This continues to be allowed under the Act (assuming the plan allows for it); although bear in mind this only applies to your current employer plan. If you left another job and still have a retirement plan account with the former company, you must take distributions from that account.