Taking Your First RMD in 2026? Here's Why You Should Start It Now
You could wait, but that decision may come back to bite you.
Taking Your First RMD in 2026? Here's Why You Should Start It Now
Overview
If you're turning 73 in 2026, you'll have a new responsibility to contend with this year: required minimum distributions (RMDs). These are mandatory annual withdrawals you must take from all tax-deferred retirement accounts going forward.
Technically, you have until April 1, 2027, to take your 2026 RMD since it's your first year. But there's a good reason not to wait that long, especially if you expect your 2026 RMDs to be large. Here's why you may want to get started on them now.
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Details
Source
Originally published at www.fool.com.
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