Sunday, August 23

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Topic: rmd

The Internal Revenue Service building in the Federal Triangle complex in Washington, DC

New Personal Finance

Sunday, 8/23, 03:37 AM

The retirement withdrawal the IRS requires at 73, and the timing trap in year one

Required minimum distributions start at 73 and the first one can be deferred to April 1 of the following year.
Deferring it puts two taxable withdrawals in the same calendar year.

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