Required Minimum Distributions (RMDs) were suspended for 2009. If you took an RMD in 2009 (and you do not need the funds), the IRS has allowed you until November 30 to roll it back into your IRA, an extension from the typical 60 days one has to roll over funds. Here’s a link to Ed Slott’s blog where he goes into the details.
If you have any questions, give us a call.
Friday, November 20, 2009
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