As you know, at age 70.5 you have to start withdrawing from your retirement accounts. We all have the choice to defer the first withdrawal. If you defer, you have to take that first withdrawal out by no later than April 1st of the following year. This is a mere 9 days away. If you miss this date you will pay a 50% under-distribution penalty. Please remember that you will also have to take another distribution for this year too.

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