The Moratorium is Over

It's not news that individual retirement account owners must withdraw required minimum distributions (RMDs) from their IRAs after reaching age 70, or that beneficiaries must make similar withdrawals. But it was news when, in 2009, Congress granted a one-year moratorium for RMDs during 2009 in response to declining markets and Madoff-type fraud schemes.1 The moratorium applied to anyone subject to

Michael J. Jones | Nov 01, 2010

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It's not news that individual retirement account owners must withdraw required minimum distributions (RMDs) from their IRAs after reaching age 70½, or that beneficiaries must make similar withdrawals. But it was news when, in 2009, Congress granted a one-year moratorium for RMDs during 2009 in response to declining markets and Madoff-type fraud schemes.¹

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