“The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which became public law on March 27, 2020, is in response to the coronavirus disease 2019 (COVID-19) outbreak and its impact on the economy, public health, state and local governments, individuals and businesses. The response, intended to provide aid, relief and economic security, includes a waiver of required minimum distributions (RMD) for 2020 as part of the solution.”

The excerpt above is from  this article  by Denise Appleby, APA, CISP, CRC, CRPS, CRSP, which provides a comprehensive recap on RMDs and 8 must-know rules for RMD waivers under the CARES Act.

Download the full article here .