I’m a Financial Planner: The RMD Timing Mistake Retirees Keep Making

Retirees can delay their initial required minimum distributions (RMDs) until April 1 of the following year after turning 73. However, this could be a huge mistake. While the IRS gives those who are new to RMDs this grace period, you’ll end up taking two mandatory distributions in the same year, which could lead to financial problems. Find Out: The Most Common Retirement Mistake, According to an Expert Read Next: 5 Clever Ways Retirees Are Earning Up To $1K per Month From Home GOBankingRates consulted wit ...