April Fool's Day is an important RMD deadline for some older adults and retirees.

Don't skip calculating your Required Minimum Distributions (RMDs) as retirement nears or once you're already retired. You'll avoid hefty tax penalties and keep more of your hard-earned savings intact.

401(k) holders must start RMDs at 73 to ensure taxed withdrawals, facing a 25% penalty for non-compliance. RMD avoidable if still employed at the sponsoring company at 73 with <5% ownership; IRAs ...