Take Your RMDs: April 1, 2019 Required Minimum Distribution (RMD) Deadline Approaching | Practical Law
Employees and retirees who turned 70 1/2 during 2018 and have assets in their employer-sponsored qualified retirement plan or in a traditional individual retirement account (IRA) are generally required to take their first distribution by April 1, 2019, subject to certain exclusions. This Article explains the rules governing required minimum distributions (RMDs), how to calculate RMDs and the penalties for failing to take a RMD.