April 1 is the last chance for some retirees to avoid a 25% tax penalty

If you wait until April 1 for your first RMD, you still have to take the second one by Dec. 31 of the same year. Pre-tax withdrawals incur regular income taxes, so you're "doubling up" for that ... Read More

Deadline for Retirees Taking Their First RMDs is April 1

For those taking a 2024 required minimum distribution due April 1, the IRS suggests consulting the life expectancy tables in appendix B of publication 590‑B, Distributions from IRAs. The IRS notes ... Read More

IRS Issues Payment Reminder To Retirees - MSN

For individuals who turned 73 in 2024, they can delay their first RMD until April 1, 2025. This rule applies to IRA owners and participants born after December 31, 1950. Read More

Retirees, Should You Take a Required Minimum Distribution (RMD) Now or ...

Tax-deferred investment accounts such as traditional IRAs, 401(k) plans, and 403(b) plans are subject to required minimum distribution (RMD) rules. That means accountholders upon reaching a ... Read More

Should I rush to take my RMD while the S&P 500 is down, or wait until ...

Some younger retirees are in the same boat, not because the government insists, but because they need to take out regular amounts from IRAs or 401(k)s for living expenses. Read More

April 1 is the last chance for some retirees to avoid a 25% tax ... - MSN

Why you should take your first RMD sooner. While retirees have until April 1 the year after turning 73 for their first RMD, many advisors suggest withdrawing the funds by Dec. 31 of the previous year. Read More

April 1 is the last chance for some retirees to avoid a 25% tax penalty

If you turned 73 in 2024, the deadline for your first required minimum distribution is April 1. Here’s what retirees need to know. Read More