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When to Take Your First RMD: A Guide to Getting It Right

By Yahoo! Finance   |   Nov 16, 2024 at 07:00 AM EST
When to Take Your First RMD: A Guide to Getting It Right

Required minimum distributions (RMDs) are mandatory withdrawals from retirement accounts starting in your 70s. Under the SECURE 2.0 Act, the RMD age will increase to 75 in 2033. RMD amount is based on account balance and life expectancy.

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