IRS allows 2020 RMD’s to be put back. What shape will this economic recovery take. Coronavirus vaccine progress.
Included in the CARES act Congress passed in March was the provision that required distributions (RMD) from IRA’s could be skipped this year. However, it did not make any provision for those who had already taken an RMD to put the money back. Now the IRS has stated that those who want to reverse those withdrawals could do so. They set a deadline of August 31 to make it happen.
What economists fear most during this recovery (FiveThirtyEight)
Economist predictions are notoriously wrong. However, I liked this piece because it explains the myriad terms that are used when they describe the expected shape of economic recovery. In addition to the U, V & swoosh, there was a new one to me, reverse radical.
Coronavirus vaccine tracker (NY Times)
Almost every health expert and economist agree that life and the global economy won’t get back to normal until one or more vaccines have been deployed. Here’s a site that explains the various types of vaccines in development along with progress updates.