Normally, once you reach age 70 ½ (age 72 going forward), you must begin to draw down qualified retirement accounts and have those Required Minimum Distributions (RMD’s) taxed as income. This can not only increase the tax burden for your clients but could mean they face Medicare Part B & D penalties under IRMAA. Under the CARES Act, there is an opportunity to forego RMD’s for 2020.