Keoghs & CARES
Would you please confirm that Keogh plans are treated as qualified plans under the CARES Act in terms of account owners not being required to take 2020 RMDs?
Many thanks!
Would you please confirm that Keogh plans are treated as qualified plans under the CARES Act in terms of account owners not being required to take 2020 RMDs?
Many thanks!
Permalink Submitted by Alan - IRA critic on Fri, 2020-04-03 20:04
Yes, the RMDs are waived unless the Keogh was set up as a defined benefit plan. Most are DC plans.