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The Washington Post

If you turned 70.5 last year you can’t afford to miss this April 1 tax deadline

By Michelle Singletary

Even though it’s allowed, it may be wise not to defer the first RMD until the following year, says Eric Bronnenkant, head of tax at Betterment, an online financial advising company

“It effectively forces two years worth of RMDs into one year which could push the income into a higher tax bracket,” Bronnenkant said.

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This article originally published March 18th, 2019 on The Washington Post