Important Clarification About Required Minimum Distributions For 2020

In April we notified you of important changes to the rules regarding required minimum distributions from your retirement accounts for calendar year 2020. These rules were part of the CARES Act which was signed into law on March 27, 2020.

A significant change was that individuals were given the choice to take or NOT take his/her required minimum distribution for 2020.

Please see full Alert below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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