Usually about this time of year we review the IRA accounts of our clients who must take required minimum distributions to assist them in meeting their requirements. In many cases we have established automatic distributions in December to avoid missing the requirement. This year, however the RMD requirement has been waived for owners of traditional IRAs. Therefore, we have removed the automatic distributions.
PS. I haven’t written as much this year as I usually do. It is not because I don’t have much to say. It is that the year has been unusual in so many ways and the time required to take care of our clients needs has left less opportunity to “wax poetic” in this space.