A critical date is approaching for many people who attained age 70½ in 2015. By Apr. 1, 2016, you must commence making required minimum distributions (RMDs) from your regular IRAs. Also, if you were a participant in a qualified retirement plan (e.g., 401(k) plan), you must begin taking distributions by Apr. 1 of the calendar year following the later of the year in which you: (a) reach age 70½, or (b) retire (except for 5% owners, who are subject to the same rules as IRA owners). Please call our office if you have any questions.
http://www.armcpa.com/wp-content/uploads/2016/03/IRA-pic.png 266 383 Bill http://www.armcpa.com/wp-content/uploads/2018/02/logo.png Bill2016-03-21 06:46:002016-03-21 06:46:002016 RMDs