Just a quick reminder to the older readers of the ol' blog: Today is the required minimum distribution, or RMD, deadline for some IRA owners.
No, it's not a perverse April Fool's tax joke.
If you turned 70½ last year and didn't take out this required amount from your retirement funds by last Dec. 31, you must do so by the following April 1 or face a stiff penalty.
You have a couple of options, such as rolling your RMD directly to a charity, or even converting your traditional IRA to a Roth.
But if you opt for one of these choices, time's a-wasting. So you best get to it.
No fooling.
Related posts:
- Required IRA distribution deadlines, charitable rollover alternative
- No joke! Some RMDs due today
- Retirement, RMDs and racing
- 401(k) Do's and Don'ts
- Handy retirement plan rollover chart
- Required retirement withdrawals waived … in 2009
- Will you outlive your nest egg?
- Taxes and the older filer
- Getting your rocking chairs on the same porch
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