IRS reminds those over age 72 to start withdrawals from IRAs and retirement plans to avoid penalties

IRS reminds those over age 72 to start withdrawals from IRAs and retirement plans to avoid penalties

IR-2022-217, December 12, 2022

WASHINGTON — The Internal Revenue Service today reminded those who were born in 1950 or earlier that funds in their retirement plans and individual retirement arrangements face important upcoming deadlines for required minimum distributions to avoid penalties.

 

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