We have a client who is 87 with a 457 plan from her husband working with the County and took her RMD for 2020. But wants to roll it over due to the cares act.
However, I just read this in Forbes:
The RMD rules "don’t apply" for calendar year 2020 to all defined contributions retirement plans, including IRAs, 401(k)s, 403(b)s, SEP IRAs, SIMPLE IRAs, traditional IRAs and Roth IRAs. A 457 plan sponsored by a non-government tax-exempt employer doesn’t qualify for the suspension of RMDs.
Should it have read "does apply" or is it stated right that the rule does not apply to all these retirement plans?
Thank you for any clarification.