Did you know... The CARES Act includes a provision permitting a one-year delay in RMDs. Thus, any distribution that would otherwise be due this year would be deferred to next year; and, likewise, distributions due in later years would also be deferred. Notably, the CARES Act allows account owners to skip both their 2019 RMD if it was their first year and they had not yet made an RMD by April 1, 2020, and their 2020 RMD. Unfortunately, there is no provision allowing an individual to recoup an RMD payment taken prior to the passage of the CARES Act. We will be reaching out to clients to discuss personal options, however, if you believe you do not need to take your RMD for living expenses and you have not already taken your RMD for the year, please give us a call and we will request it be suspended it for 2020.