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2221 Main St Bellevue, NE 68005
(402) 898-2672
IRS Reminds Retirees About IRA RMDs The Internal Revenue Service reminds taxpayers who turned 72 after June 30, 2021, and received their first required distribution (for 2021) in 2022 on or before April 1, must receive their second RMD (for 2022) by Dec. 31, 2022. Even though the first distribution is actually the required 2021 distribution, it’s taxable in 2022 [...]
Required Minimum Distributions (RMDs) are minimum amounts that you must withdraw from your IRA or retirement plan account each year after you reach age 72 (70 ½ if you reach 70 ½ before Jan. 1, 2020). In a workplace retirement plan, you can delay taking RMDs if you continue working and you’re not a 5% owner of the employer. IRS [...]
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