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Is Taking Your Required Minimum Distribution (RMD) in June a Good Idea?
If you're of a certain age, you probably know about required minimum distributions (RMDs). And if you don't know about them, it's time to learn. Because some (but not all) tax-advantaged retirement accounts such as 401(k)s, traditional IRAs, SEP IRAs, and SIMPLE IRAs require you to withdraw RMDs beginning at age 73.If you're planning to take your RMD this year, you might be wondering when to take it, and perhaps specifically wondering if you should take it in June. Here are some things to know that can help you decide.Image source: Getty Images.Continue reading
If you're of a certain age, you probably know about required minimum distributions (RMDs). And if you don't know about them, it's time to learn. Because some (but not all) tax-advantaged retirement accounts such as 401(k)s, traditional IRAs, SEP IRAs, and SIMPLE IRAs require you to withdraw RMDs beginning at age 73.
If you're planning to take your RMD this year, you might be wondering when to take it, and perhaps specifically wondering if you should take it in June. Here are some things to know that can help you decide.
Image source: Getty Images.
