Defined Benefit Plan RMDs
A brokerage firm is telling me that I do not have to take a 2020 RMD from a defined benefit plan. Is this correct? My understanding was that the waiver only applied to defined contribution plans.
A brokerage firm is telling me that I do not have to take a 2020 RMD from a defined benefit plan. Is this correct? My understanding was that the waiver only applied to defined contribution plans.
Permalink Submitted by Alan - IRA critic on Wed, 2020-12-30 21:53
You are correct, and the brokerage is wrong.