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RMDs are scheduled to return in 2021. Be sure to plan for them!
The CARES Act in 2020 waived required minimum distributions (RMDs) from retirement savings accounts, but only for the calendar year. They’ll be back in effect for 2021, so you’ll need to plan for them and their potential impact on the taxability of Social Security benefits that they generate. The Motley Fool’s Maurie Backman, in a post on starherald.com, takes a look at the return of RMDs and the potential impact on your financial situation. Read her post here…
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