Welcome to the Jill on Money, Corona virus Market Update. It is Tuesday, July 28th.

I cannot believe it's the end of July, but here we are. We are trying to figure out how to get you through this crazy time in the markets, in the economy.

The path of markets and the economy seem to be diverging. I'm always amazed at all of the questions that we get from you. I am so delighted that you feel like you want to be part of this family and we never take it for

granted. I just want you to know that. We just don't. So thank thank you so much oh and thanks for everyone who

wished Mark a happy birthday over the weekend because it was his birthday we got

some emails from you if you do have a financial question send us an email it's

ask Jill at Jill on Money.com.

Ask Jill at Jill on Money. com.

Dan writes, I've enjoyed the podcast for a few months now, and I have a question about my in-laws finances.

I've been helping them with taxes for the last couple of years and I know this year they can

forego their required minimum distribution.

My question is, should they take it in 2020 anyway or skip it?

I feel like they shouldn't.

It's a no-brainer if they don't need the money,

or are there other factors I'm not considering. They're in their

90s they've got five children they've got about six hundred eighty thousand dollars

in their IRA accounts so I think the distribution is pretty high 74 74 grand. They've got another 1.4 million

in taxable accounts. So they don't need the distribution. They don't need the

money. Their total income in 2019 was $120,000 which included 65,000 of their required minimum distribution, 25

grand of the Social Security. Taxable income ended up around $85,000.

You know, there's, okay, I have two minds of this, okay?

I think in normal circumstances, I would say,

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