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2020 IRA Required Minimum Distributions


The Coronavirus has financially impacted people in our city, state, and nation. On March 27, the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law.  The CARES Act is intended to help those who have suffered economic hardship as a result of COVID-19.

Through the CARES Act, individuals are not required to take required minimum distributions (RMDs) from their IRAs in 2020. If you wish to stop 2020 RMDs with eCO Credit Union that have not already been paid out, please call us at 205.226.3900. We will be happy to assist you.

You can learn more about the CARES Act here.

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