Coronavirus / COVID-19 Stimulus / Economic Developments / Safety & Health

IRS Releases Guidance Extending the 60 Day Rollover Window for Anyone Taking a Requirement Minimum Distribution (RMD) until August 31, 2020.

RMDBriefly, the guidance  (i) permits rollovers of waived required minimum distributions (RMDs) and certain related payments, including an extension of the 60-day rollover period for certain distributions to August 31, 2020; (ii) answers questions relating to the waiver of 2020 RMDs; and (iii) provides a sample plan amendment that, if adopted, would provide participants a choice whether to receive waived RMDs and certain related payments.

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