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Important tax savings opportunity

Important tax savings opportunity

You can now return unwanted RMDs to reduce your tax burden in 2020.

New IRS guidance provides a special window for anyone who took Required Minimum Distributions (RMDs) earlier this year. Those distributions can be reversed by returning the funds to your retirement account (IRA, 401k, etc.) and this exception even applies to inherited IRAs. In addition, this extension will also override the “one rollover per 12 months” restriction. The extended deadline is August 31st.

As a reminder, this is following the suspension of all RMDs this year as part of the CARES Act.

Please contact us if you would like to suspend and/or reverse your RMDs or if you would like our advice on your options.

Picture of Mark Snyder, ChFC, CLU, RMA, RF

Mark Snyder, ChFC, CLU, RMA, RF

Mark Snyder is a managing partner at Snyder Wealth Group. Our investment philosophy is rooted in the principles of fiduciary duty, tailored strategies, and a long-term approach to wealth building. Our mission is to provide our clients with the highest level of service in financial planning and investment management, supported by 50 years of experience.

About Us

At Snyder Wealth Group, our tagline is “Invest, Plan, Retire, Prosper.” We believe in helping our clients achieve financial prosperity throughout their lives.

Whether you’re just starting out in your career, planning for retirement, or somewhere in between, we can help you create a plan that will help you achieve your goals and live the life you want.

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Securities offered through Osaic Wealth, Inc., Member FINRA / SIPC. Investment Advisory services offered through Mark J. Snyder Financial Services, Inc. A Registered Investment Advisor doing business as Snyder Wealth Group. Osaic is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic.

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