IRS Issues Update on 10-Year RMD Rule
The updated guidance waives the excise tax for those who failed to take a required minimum distribution in 2021 and...
Tag: RMDs
Proposed RMD Rules for 403(b)s Could Mean Big Changes
A change to how required minimum distributions are taken from 403(b) contracts might call for changing recordkeeping systems and dusting...
The Process for Issuing RMDs When Participants Are ‘Missing’
Failing to issue required minimum distributions can be costly, so sponsors must follow exact steps from the IRS and DOL...
Not Having a Retirement Drawdown Strategy Can Affect Retirement Security
A survey finds a majority of retirees are using RMDs for ‘guidance’ about how to spend down their assets, but...
Do DC Plan Participants Benefit From Increasing the RMD Age?
Research finds that moving the age for required minimum distributions has little effect on accumulated savings, but participant behavior may...
RMDs in 2021
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
CARES Act Considerations: CRDs, RMDs, Taxes and More
Between retirement reforms first created by the SECURE Act and then updated by the CARES Act, there is a lot...
IRS Updates Mortality Tables for Calculation of RMDs
The agency says the purpose of the updates is to allow retirees to retain more savings in their accounts in...
RMD Questions Related to 457(b) Plans
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
SECURE Act Compliance Q&A Published by IRS
The guidance document includes an extensive number of questions and answers about five key changes made by the SECURE Act.
Clarification of the Legislative Changes Made for RMDs
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Opinions |
COVID-19 Compliance Corner: IRS Clarification of RMD Waivers and Extension of Rollover Deadline
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
Are RMDs Required for Those Who Turned 70 1/2 in 2019?
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Post-SECURE Act, IRS Provides RMD Relief
The SECURE Act extended the age at which RMDs take effect from 70 1/2 to 72, but financial institutions may...
IRS Proposes Update to Mortality Tables Used to Calculate RMDs
The life expectancy tables and applicable distribution period tables in the proposed regulations reflect longer life expectancies than the tables...
Senators Cardin and Portman Offer Another Broad Retirement Reform Bill
Among some 50 other provisions aimed at improving retirement readiness in the U.S., the bill substantially increases the tax credit...
Wealthier Participants Say They Don’t Need RMDs for Living Expenses
They want to find other ways to use RMD payments.
DOL’s Open MEP Proposal Advances Through OMB
If the DOL’s proposal closely follows President Trump’s executive orders, it is likely to revise the “common nexus” and “one...
President Trump Orders Review of Open MEPs, RMD Rules
President Trump on Friday called on the Department of Labor to consider the pros and cons of allowing small businesses...
IRS Expands Audit Guidance for RMDs to 403(b) Plans
A memo says examiners should not challenge a 403(b) plan for violation of the RMD standards for the failure to...