Wealth and Retirement Services

***
IMPORTANT UPDATE REGARDING REQUIRED MINIMUM DISTRIBUTIONS FOR 2020 

The Coronavirus Aid, Relief, and Economic Security (CARES) act has temporarily waived Required Minimum Distributions (RMDs) for all types of Individual Retirement Accounts (IRA) and Plans (including 401(k)s, 403(b)s, 457(b)s, and inherited IRA plans) for calendar year 2020. This also includes the first RMD, which individuals may have delayed from 2019 until April 1, 2020.
***
IMPORTANT UPDATE – FORM 5498 MAILING UPDATE 

In accordance with updated guidance issued by the Internal Revenue Service, the mailing deadline for the 2019 Form 5498 has been extended to August 31, 2020 and the corresponding deadline for 2019 contributions has been moved to July 15, 2020. Due to the filing and mailing extensions, TMI expects to mail our 2019 Form 5498’s to any applicable account holders by the end of August.
***

Whether you represent a Family Office, Investor Partnership or Registered Investment Advisor, or you are an individual with a self-directed IRA, it is essential to have a strong and knowledgeable partner with the right resources and expertise to facilitate wise investment decisions.