To our GSB Wealth Management clients,
One of the aspects of the recently passed $2 Trillion CARES Act was the waiver of the Required Minimum Distribution for IRAs for 2020. The link below provides you with additional information but in all cases we urge you to seek the advice of your personal tax professional as the waiver does not apply to every type of IRA. If you do not have a tax professional with whom you can consult please feel free to contact us and we can offer you guidance in finding a tax professional.
Link to AARP website: aarp.org/money/investing/info-2020/cares-act-retiree-tax-benefit.html
Thank you for the trust you continue to place in GSB Wealth Management.
Your GSB Wealth Team
"Wisdom is not a product of schooling but of the lifetime attempt to acquire it." ~ Albert Einstein