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Those who just turned 73 in 2024 technically have until April 1, 2025 to make their 2024 RMD. There's also an exception for workplace retirement plans if you're still working and own less than 5% ...
3. Workplace retirement plans have an RMD exception. If you have a retirement plan at work, such as a 401(k) or 403(b), there’s an important RMD exception.
There are exceptions for Roth accounts and employer-sponsored plans if you're still working and own less than 5% of the company. Also, those who just turned 73 this year have until April 1, 2025 ...
The deadline for 2024 required minimum distributions (RMDs) has passed for most seniors. But if you turned 73 last year, you actually have until April 1, 2025, to make your first RMD.
Image source: Getty Images. RMDs begin at age 73 for individuals born in 1951 or later. Traditionally, required minimum distributions (RMDs) have started at age 70 and 1/2 (born before July 1949 ...
Tax-deferred retirement accounts like traditional IRAs and 401(k) plans let investors reduce their tax burden in a given year by deducting contributions from their gross income. But the tax ...