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April 1 Deadline for Required Minimum Distributions

by | Mar 19, 2018 | Uncategorized

Taxpayers who reached the age 70 and a half during 2017 must, in most cases, start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Sunday, April 1, 2018. The April 1 deadline applies to all employer-sponsored retirement plans, including profit-sharing plans, 401(k) plans, 403(b) plans, 457(b) plans and traditional IRAs and IRA-based plans.

Please See:IRS Notice