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December 11, 2018

December 31 Deadline for Most Retirees Making Required Retirement Plan Distributions

 

IRS
IR-2018-248, December 11, 2018 Español

WASHINGTON — The Internal Revenue Service today reminded retirees born before July 1, 1948, that they usually must take distributions from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31.

The payments, called required minimum distributions (RMDs), are normally made by the end of the year. Those who reached age 70½ during 2018 are covered by a special rule that allows them to wait until April 1, 2019, to take their first RMDs. Read more.

 
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