Retirees Who Turned 73 in 2024 Must Take Required Minimum Distributions by April 1, 2025
The Internal Revenue Service (IRS) has issued a reminder that most retirees who turned 73 this year must begin taking Required Minimum Distributions (RMDs) from their retirement accounts by Tuesday, April 1, 2025. This includes distributions from Individual Retirement Arrangements (IRAs), 401(k)s, and similar workplace retirement plans. Special Rule for First-Time RMDs Typically, RMDs must […]