Hope you’re well and staying healthy! As you know, we (both as individuals and as a country) have gone through many changes lately due to the impact of the COVID-19 coronavirus and federal lawmakers’ response to it via the CARES Act. One of those changes is really important to retirees, and it has to do with Required Minimum Distributions (RMDs). Historically, anyone older than 70.5 was required to withdraw a certain amount each year from their retirement accounts, or be subject to a penalty from the IRS. The RMDs were an absolute requirement, regardless of whether you actually needed the money in-hand or not. In 2019, the rules changed slightly, and raised the age for beginning RMDs to 72.