Take Your RMDs: April 1, 2019 Required Minimum Distribution (RMD) Deadline Approaching | Practical Law

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.

Take Your RMDs: April 1, 2019 Required Minimum Distribution (RMD) Deadline Approaching

by Practical Law Employee Benefits & Executive Compensation
Law stated as of 05 Mar 2019USA (National/Federal)
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.