No matter how far or close you are to retirement, you probably understand the importance of saving for the future. Something we don’t talk about as much is withdrawing your money when you reach retirement age.
You may already be aware that you must wait until a certain age (59.5) before withdrawing funds from retirement accounts penalty-free.
However, read on more to be informed on what the penalties are if you do not withdraw enough money after age of 72.
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5 Tax Deadlines You Need To Know Before October 17
Many people know that the filing deadline for an extended tax return is October 17, but there are additional tax deadlines on this day.