When to Take Your First Required Minimum Distribution (RMD)
Since 2023, most retirees must begin taking required minimum distributions (RMDs) from pre-tax retirement accounts at age 73. The first deadline is April 1 of the year after turning 73 and Dec. 31 for future withdrawals. Financial experts warn that timing your first RMD can have significant tax consequences. Pre-tax retirement withdrawals are subject to … Read more