This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.
This may be a challenging tax year, especially if you’re unprepared. wavebreakmedia / Shutterstock.com
If you were born in 1950, Uncle Sam has his eye on you right now. That’s because April 1, 2023, is the deadline to take your first required minimum distribution (RMD), essentially a mandatory withdrawal of a minimum amount of money from retirement accounts. That withdrawal is generally considered taxable income. This initial deadline applies to people who turned age 72 in 2022…
More from my site
These Are the Best and Worst Reasons to Take Out a Personal Loan
Save $70 on Southwest Flights With This Limited-Time Costco Gift Card Deal
3 Reasons I Prefer Owning My Home to Renting It
Already Behind on Your New Year’s Resolutions? Here’s How to Get Back on Track
Is the Recent Refinance Boom the Reason We’re Stuck With Sky-High Inflation?
My Husband Froze His Credit but Scammers Still Opened a Bank Account in His Name
