As we head into the final days of the 2022 tax year, there are a couple of items that you should keep in mind if you need to take your Required Minimum Distribution (RMD). These need to be completed by Dec. 31.

For retirees over age 72, make sure you have completed the RMD from your Traditional IRA, SIMPLE IRA, SEP IRA, or 401(k) accounts. Calculators to help you calculate your RMD are available from the IRS (https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds), as well as other sources.

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