When do I have to Take My My First Retirement Plan Deduction? After you turn 70.5, you typically start receiving the required minimum distributions (RMD) from your retirement plans, individual retirement accounts (IRAs), and from employer-provided retirement plans. If you turned 70.5 in the year 2017, we want to remind you that APRIL 1st is the deadline to take the first of your required retirement plan distributions. What Employer-Sponsored Plans are Included The answer is simple: ALL employer-sponsored retirement plans are included in this Sunday, April 1st deadline. This includes: Profit-sharing plans 401(k) plans 403(b) plans 457(b) plans. The RMD rules also apply to traditional IRAs and IRA-based plans such as: Read More...