CNBC shared some helpful and timely tips.
- Whether you hold a 401(k) or an IRA, if you turned 70½ in 2018, you have until April 1 to take your first required minimum distribution, or RMD, from this account.
- Failure to take the RMD means a 50 percent excise tax on the amount you should have withdrawn.
- If you waited until this spring to take your first 2018 RMD, make sure you’re ready to take a second distribution this year for 2019.
Please Note: The information being provided is strictly as a courtesy. When you link to any of the websites provided here, you are leaving this website. We make no representation as to the completeness or accuracy of information provided at these websites.