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Reminder: Deadline approaching to roll RMDs back into retirement accounts

Reminder: Deadline approaching to roll RMDs back into retirement accounts

By Elizabeth Hunt

We’ve touched on this topic while discussing the CARES Act, but would like to put out a reminder that if you took what you thought was a 2020 required minimum distribution (RMD) from an IRA, 401(k) or other defined contribution plan prior to the enactment of the CARES Act, and you want to put it back into the plan, you have 5 days, until August 31, 2020, to do so.

More information on rollover relief can be found online at irs.gov.