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Claire turned 71 on May 20, 2022. The bank which held her IRA account had indicated that she would be required to take the Required
Claire turned 71 on May 20, 2022. The bank which held her IRA account had indicated that she would be required to take the Required Minimum Distribution (RMD) of $3,000 by April 1, 2023. She effectively then took her RMD on March 28th, 2023. In a recent development, and due to the COVID-19 pandemic, California will conform to federal law increasing the age of the RMD to ____ as well as the temporary waiver of the Required Minimum Distribution.
- 71
- 72
- 73
- None of the above.
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