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11 Aug, Thursday
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Bull Trader USA

: April 1 is a big required minimum distribution deadline – if you need to make a withdrawal, do so now

April 1 is the last day for Americans to begin receiving their 2021 required minimum distributions without penalty – if you’re mandated to take a withdrawal, don’t wait. 

Retirees who turned 72 in the last half of 2021 have until April 1 to take their required minimum distributions (or RMDs) from their workplace retirement accounts, such as 401(k), 403(b) and 457(b) plans, and traditional IRAs, the Internal Revenue Service said. The deadline for RMDs is usually Dec. 31, though people who turned 72 have until April 1 of the…

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