April 1 deadline for RMD from retirement accounts

It’s nearing that time again for the deadline to take required minimum distributions from retirement accounts. April 1, 2020, is the deadline for those who turned 70 ½ in 2019 to take their required minimum distribution from their IRA and workplace retirement plans. The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE […]

Required Minimum Distribution to be taken by year end

Taxpayers born before July 1, 1948, generally must receive Required Minimum Distribution (RMD) payments from their Individual Retirement Arrangements (IRAs) and workplace retirement plans (including Section 401(k) , 403(b) , and 457(b) plans) by Dec. 31, 2018. A special rule allows those who reached age 70 1/2 during 2018 to wait until as late as […]