Required Minimum Distribution Reminder

Written by Reed Tinsley | December 18, 2018

Taxpayers born before 7/1/1948 generally must receive Required Minimum Distribution (RMD) payments from their Individual Retirement Arrangements (IRAs) and workplace retirement plans [including Section 401(k) , 403(b) , and 457(b) plans] by 12/31/18. A special rule allows those who reached age 70 1/2 during 2018 to wait until as late as 4/1/19 to receive their first RMD. The special April 1 deadline applies only to the RMD for the first year; subsequent RMDs must be received each year by December 31. Consequently, deferring the first-year payment into 2019 will result in the taxpayer having two taxable distributions that year.

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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