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01 Apr Do I have to report this distribution on my 2020 tax return?

Posted at 06:02h in Ask NJMoneyHelp, Taxes

The CARES Act made changes to retirement distributions in 2020....

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19 Jan Can my IRA benefit from COVID-related tax changes?

Posted at 06:02h in Ask NJMoneyHelp, Retirement, Taxes

The CARES Act changed the rules for retirement distributions in 2020....

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24 Dec Do I have to eventually draw down my IRA account to zero?

Posted at 06:02h in Ask NJMoneyHelp, Retirement

While you must take distributions, you don't have to empty the account. ...

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22 Oct Do I have to take a retirement withdrawal this year?

Posted at 06:02h in Ask NJMoneyHelp, Retirement

Coronavirus relief rules have changed what happens for Required Minimum Distributions. ...

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16 Oct I didn’t take my RMD. What should I do now?

Posted at 06:02h in Ask NJMoneyHelp, Retirement, Taxes

Forgetting to take a retirement distribution can be a costly mistake. ...

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01 Oct Do I have to take money from my 401(k) or IRA in 2020?

Posted at 06:02h in Ask NJMoneyHelp, Retirement

The CARES Act allows you to skip your Required Minimum Distribution in 2020. ...

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20 Apr Should I wait before taking from my retirement account?

Posted at 06:02h in Ask NJMoneyHelp, Retirement

The SECURE Act allows you to delay taking your first required distribution. ...

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21 Jan When do I take my IRA distribution under SECURE Act?

Posted at 06:07h in Ask NJMoneyHelp, Retirement, Taxes

Recent legislation changes when you have to take your first IRA distribution. ...

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13 Nov I just turned 70. How will this IRA distribution count?

Posted at 06:02h in Ask NJMoneyHelp, Retirement, Taxes

Once you turn 70 1/2, you're required to take fund from your IRA....

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11 Oct When do I take my second RMD from an IRA?

Posted at 06:02h in Ask NJMoneyHelp, Retirement

When you first start taking distributions, the rules can be confusing. ...

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