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IRS Guidelines

Roger Green, MSFS,CFP®

Your Green | Age 70.5 or older? Don’t forget your RMDs!

In the year in which you turn 70 ½ years of age, the current IRS guidelines require you to take a Required Minimum Distribution (RMD), by April 1 of the following year, from your Qualified accounts (tax-advantaged accounts). For each year thereafter, you must take your RMD by 12/31 each year.