RMD under new rules | Ed Slott and Company, LLC

RMD under new rules

a 74 year old practicing psychologist took his RMD of $100k for 2020 earlier this year in February. GIven the current rules can he roll that back in?

Yes, per Notice 2020-51 he has until 8/31 to return the RMD to the account from which it was distributed if the RMD was an IRA RMD. If employer plan it can go back to same account or to an IRA.

 

Find members of Ed Slott's Elite IRA Advisor GroupSM in your area.
We neither keep nor share your information entered on this form.
 

I agree to the terms and services:

You may review the terms and conditions here.