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Are RMDs in Your Future This Year?

 

If you reached age 70 and a half in 2017, you need to know that this is the point at which Required Minimum Distributions on your deferred compensation plans kick in. As Time.com/Money contributor Kerri Anne Renzulli reports, “Sunday, April 1, is the deadline to begin receiving your required minimum distributions, or RMDs, from all traditional IRAs, SEP IRAs, SIMPLE IRAs, or workplace retirement plans. This date only applies to those who hit the 70 and half milestone last year. Anyone who already reached that age prior to 2017, should have withdrawn their RMD by Dec. 31.” For more information on this subject, check out her post here…

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