Ask Terry Questions IRA mandatory disbursement

IRA mandatory disbursement

By Terry Savage on December 29, 2021 | Financial Planning / Retirement

If I have already withdrawn a small amount from my IRA (used to cover moving costs) Do I still have to make a disbursement at 70?

Terry Says

No you can wait until age 72, when your IRA custodian will calculate the Required Minimum Distribution that must be taken the year you reach age 72.

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