Kiplinger

The Answers to More RMD Questions

When the CARES Act made required minimum distributions optional for 2020, the legislation left readers with many more questions about when they could return those distributions to an individual retirement account or whether they should convert the equivalent of the RMD to a Roth. Here are our replies.

I took my RMD more than 60 days ago in 2020. Can I return it to my IRA? It depends. The IRS recently issued new guidance that gives some people

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger3 min read
Social Security Is Pushing You to Work Longer – Can You Still Afford to Retire Early?
Are you thinking of retiring soon?  Perhaps earlier than you had planned years ago?  A potential hurdle could be the incentives set up by the Social Security Administration – they calculate your benefits to reward you for staying in the workforce.  
Kiplinger5 min read
4 Steps for Managing Income Withdrawals in Retirement
If you’re like most Americans nearing retirement, you’re worried about whether you have enough savings. In fact, only 22% of those approaching retirement believe they’ve saved enough to retire comfortably. At a time when the stock market is down, inf
Kiplinger3 min read
I’ve Inherited a Lot of Money. Now What?
It’s no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grie

Related Books & Audiobooks