Required Minimum Distributions are Back for 2021

December 1st, 2021

In 2020, the CARES Act waived Required Minimum Distributions (RMDs) for retirement accounts. However, if you are 70 ½ or older and have an IRA, you will be required to take RMDs in 2021, or suffer significant penalties.

To use your RMD to make a gift to The Arc of Essex County directly from your IRA as a qualified charitable distribution, all it takes is three easy steps:

1.            Before December 31, 2021, advise your broker/ financial institution to gift your IRA qualified charitable distribution to The Arc of Essex County.

2.            Your broker or financial institution contacts The Arc of Essex County.

3.            You receive a heartfelt THANK YOU.

It's that simple! For more information, contact Heather Comstock at 973-535-1181 x1224 or hcomstock@arcessex.org.