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Albemarle Pirate

Joined: 10/21/05 Posts: 2100
Likes: 1809

RMDs do not have to be taken at all this year. Some take

monthly RMDs and others take one annual payout. I just stopped my monthly RMDs last week anyway. Additionally, I'm about to bite the bullet and roll all my traditional IRA money into my Roth and pay the huge tax bill up front. Can roll it now with low stock values and not have to pay the bill till next April. Hopefully stocks will have rebounded. Will give me complete control over any withdrawals in the future with no tax consequences and growth will not be taxed. A big decision, but about to do it.

(In response to this post by happyhour)

Posted: 04/06/2020 at 7:12PM


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Current Thread:
  RMD -- RaleighPirate1 04/06/2020 9:13PM
  Is this law, proposed law or by presidential edict? -- happyhour 04/06/2020 4:27PM
  RMDs do not have to be taken at all this year. Some take -- Albemarle Pirate 04/06/2020 7:12PM
  It’s been law since CARES act was passed..... ** -- EC GrapeApe 04/06/2020 4:31PM

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