Don't Forget to Take Your First "Required Minimum Distribution" by April 1st (Massachusetts Tax Alert)

Date: 
Thursday, March 26, 2015

Generally, if you turned 70 ½ during 2014 and have a traditional IRA or other qualified retirement plan, you will need to take your first required minimum distribution by April 1, 2015. You may be surprised to learn that you will also need to take your 2015 RMD by December 31, 2015. Download our analysis of the required minimum distribution for traditional IRA's and other qualified retirement plans below.