Reminder:  Retirees born prior to July 1, 1949 must take your retirement plan required minimum distributions (RMD) by December 31, 2019.  The RMD rules apply to:

Photo by maitree rimthong from Pexels
  • Retirees with traditional IRAs
  • Retirees with traditional (Simplified Employee Pension) or SEP IRAs
  • Retirees with Savings Incentive Match Plans for Employees (SIMPLE) IRAs
  • Participants in workplace retirement plans such as 401(k), 403(b) and 457(b) plans

Want help? Visit AcctServices.org to be connected to an accounting professional in your area or go to IRS.gov for distribution guidelines.