Don’t miss this key April 1st deadline

If you turned 70 ½ in 2018, you have until Monday, April 1st to take your first required minimum distribution, or RMD from your 401(k) or an IRA.  The IRS requires individuals holding retirement accounts such as IRAs and 401(k) plans to start taking withdrawals from those accounts by April 1 in the year after they’ve turned 70 ½ otherwise, failure to take the RMD means a 50 percent excise tax on the amount you should have withdrawn.  The attached article explains what you should know if you’re new to these mandatory retirement account withdrawals. Click here…

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Comments On This Topic

  1. I am concerned. We normally receive our ss deposit on the 28 29 of every month. With the 30th and 31st on a weekend it tells Me some checks have been delayed. Called yesterday and as said everything is fine on their end and he said he had recieved other calls of people saying their deposit hasn’t hit. What could be causing this and ate there others out there that didn’t receive tbeirs? March 30, 2019

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