If you own a traditional IRA and turn 70 ½ or older this year, you are required by the IRS to take a Required Minimum Distribution (RMD) by Dec. 31, 2018. If this is your first distribution, the IRS allows you the one-time option of delaying your 2018 RMD until April 1, 2019. Even if you decide to delay your 2018 distribution, next year’s RMD must still be withdrawn by Dec. 31, 2019 to avoid penalties. Thereafter, all annual RMDs must be completed each year by Dec. 31. For more information, visit the IRA Planning Center.