When you reach RMD age, the IRS instructs you to start making withdrawals from your Traditional IRA(s). These withdrawals are also called Required Minimum Distributions (RMDs). For some of you, 2024 may be the first year you are taking an RMD (those of you who are turning age 73). You will make them (annually) from now on. In addition, some of the laws have changed regarding RMD’s, so it pays to read on. And always remember that we are here to answer your questions and to assist you. So, please let us know how we can help you.
January 23, 2024