An RMD Deadline is Right Around the Corner

There’s still time to beat the RMD deadline and withdraw your required minimum distribution from your traditional IRA, 401(k) or other retirement account (except a Roth IRA) for 2022…but you better hurry! The due date for taking this year’s RMD is December 31 for most seniors who are at least 72 years old. That’s just a few weeks away!

And if you don’t take enough out of your retirement plans this year, you could be hit with a 50% penalty from the IRS on the amount not distributed as required. That’s a big penalty that you certainly want to avoid.

More Time Allowed to Take Your RMD?

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