RMD 2019 / Secure Act
Client 2/1949 had funds in an IRA. First RMD was due prior to 4/1/2020 but did not take it given the Secure Act. Is his first RMD due prior to 4/1/2021 give the Secure act last year and then a second RMD prior to 12/31/2021?
Thanks-AA
Permalink Submitted by Alan - IRA critic on Wed, 2021-03-10 21:33
No. This fact pattern resulted in both the 2019 and 2020 RMDs being waived. His RBD did not change, so his 2021 RMD is due by 12/31/2021. Client has only this one RMD due for 2021.