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posted Dec 28, 2023 11:06:51 AM

WHEN IS THE last day to take funds from an IRA this year seeing Sunday is the last day of the year or January 2?

when is the last day to take funds from an IRA this year seeing Sunday is the last day of the year or is it january 2?

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1 Replies
Level 15
Dec 28, 2023 11:14:21 AM

If you want to take money out of a retirement account in 2023, you do it in 2023--not 2024.   And....better check with your financial institution to see how quickly they can process your request to take money out.   If you wait until the weekend you might be out of luck.  They likely do not process distributions on weekends.