Do 401(k) Withdrawals Before I Turn 73 Count Toward My RMDs?

If you have a tax-deferred retirement savings account such as a 401(k), taking earlier or larger withdrawals than required won't directly reduce future mandated distributions. However, since pulling money out now will likely reduce the future balance of your 401(k), it could indirectly reduce the size of the compulsory distributions. That's because these obligatory withdrawals […] The post Do 401(k) Withdrawals Before I Turn 73 Count Toward My RMDs? appeared first on SmartReads by SmartAsset.