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Do i need to make early withdrawals before age 72 1/2 to avoid tax penalties?
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‎September 19, 2021
7:45 PM
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Retirement tax questions
No -your first RMD must be taken by 4/1 of the year after you turn 72 (if you turn 72 after Jan 1, 2020). Subsequent RMDs must be taken by 12/31 of each year. If you don't take your RMD, you'll have to pay a penalty of 50% of the RMD amount.
‎September 19, 2021
7:54 PM
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