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Top Year-End Investment Tips

IRS released IRS Notice 2020-51 which extended the deadline to August 31, 2020 to return any unwanted 2020 RMDs.

Unprecedented Relief!

ALL unwanted RMDs taken in 2020 can now be returned – rolled over – back to an IRA or company plan.

By ALL we mean ALL, even non-spouse IRA or plan beneficiaries (who could never do a rollover… until now). The 60-day rollover period is extended to August 31, 2020, no matter when in 2020 the RMD was taken. For example, if an RMD was taken in January 2020, it can still be returned by August 31, 2020. In addition, the once-per-year rule is waived for this relief, so those who took monthly RMDs earlier in the year can return them all.

This new guidance applies to RMDs only
. Withdrawals of non-RMD funds are still bound by the one-rollover-per-year rule and the standard 60-day rollover rule.

Contact your wealth advisor for any guidance or answers to questions you have by calling 507-235-5587 or at

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