Client Corner: Charles Schwab

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

Every year in October, Regency contacted many of you explaining that we would ask Charles Schwab to process any Required Minimum Distributions (“RMDs”) that were still outstanding for the year. Due to the CARES Act, RMDs for everyone with IRAs and 401(k)-type accounts (but not defined benefit plans) are suspended in 2020. Therefore, Regency will not contact you to initiate any RMDs, but any automatic distribution you have set up thru Charles Schwab will be processed as usual. Please call us at 559-438-2640 if you need to take a distribution for any other reason.