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Required Minimum Distributions
Many retired investors must take required minimum distributions, or RMDs, from a traditional IRA, and 401, 403(b), and 457 plans after age 72 (or 70½ if they were born before July 1, 1949). In May, we shared that the Coronavirus Aid, Relief, and Economic Security (CARES) Act waived RMDs for 2020. However, some people began taking RMDs before this waiver was approved. If you began taking RMDs and now would like to return the money to your retirement account, you have until Aug. 31, 2020, to do so, to avoid having it counted as a distribution and taxable income.

Contact Information
Saving for retirement is important. So is ensuring you receive up-to-date information from ICMA-RC. Having your most current contact information, such as day and evening telephone numbers, email address, and mailing address, means we can keep you informed about important updates regarding your retirement plan. Log into your account to make any updates. It's a great opportunity to update your beneficiary designations, too, if you haven't done so recently.

Cool Tools and Resources
Want a central place for tools and resources to simplify how you manage your account? You've got it. Check out this one-stop location that puts you in touch with the account login page and cool tools such as TextAccess, mobile app, calculators, retirement savings education, and more.

Please note: The contents of this publication provided by ICMA-RC is general information regarding your retirement benefits. It is not intended to provide you with or substitute for specific legal, tax, or investment advice. You may want to consult with your legal, tax, or investment adviser to review your own personal situation. Some of the products, services, or funds detailed in this publication may not be available in your plan. This document contains information obtained from outside sources and it references external websites. While we believe this information to be reliable, we cannot guarantee its complete accuracy. In addition, rules and laws can change frequently.

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