Why are there retirement withdrawals before the date I set? : MaxiFi Learning Center

Why are there retirement withdrawals before the date I set? Print

Modified on: Sun, 1 Oct, 2023 at 3:22 PM

Note first that the default age of starting smooth withdrawals from retirement accounts is age 65. See this in Settings > Retirement Accounts > Age of First Smooth Withdrawal > 65.

If you see withdrawals that begin before the age you specified for smooth withdrawals you see set there, those reflect one of two things: special withdrawals you entered or Required Minimum Distributions (RMDs) calculated based on IRS rules.

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Why are there retirement withdrawals before the date I set? Print

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