Common use of Waiver of 2020 RMD Clause in Contracts

Waiver of 2020 RMD. RMDs and life expectancy payments for beneficiaries were waived for calendar year 2020. If the five-year rule applies to an IRA with respect to any decedent, the five-year period is determined without regard to calendar year 2020 because of this waiver. For example, if an IRA owner died in 2019, the beneficiary’s five-year period ends in 2025 instead of 2024.

Waiver of 2020 RMD. RMDs and life expectancy payments for beneficiaries were waived for calendar year 2020. If the five-year rule applies to an IRA with respect to any decedent, the five-year period is determined without regard to calendar year 2020 because of this waiver. For example, if an IRA owner died in 2019, the beneficiarybeneficiariy’s five-year period ends in 2025 instead of 2024.

Waiver of 2020 RMD. RMDs and life expectancy payments for beneficiaries were waived for calendar year 2020. 2020 If the five-year rule applies to an a SIMPLE IRA with respect to any decedent, the five-year period is determined without regard to calendar year 2020 because of this waiver. For example, if an a SIMPLE IRA owner died in 2019, the beneficiary’s five-year period ends in 2025 instead of 2024.