"They may have missed reading letters that we've sent, or information other firms have sent," said Maura Cassidy, vice president of retirement at Fidelity.
If you're taking advantage of the grace period, keep in mind that April 1 falls on a Saturday this year, said Cassidy. That doesn't change the deadline, but it does mean that unless you have cash holdings to withdraw, you'll need to make your request a few business days ahead to allow time for trades to settle, she said. (If you do have cash in your account, Fidelity says you can take that withdrawal "any day of the week.")
Procrastinators should start strategizing about ways to cut next year's tax bill, said certified public accountant Benjamin Tobias, president of Tobias Financial Advisors in Plantation, Florida. Even if the grace period has you taking your first RMD this spring, you'll still need to take your RMD for 2017 by Dec. 31 — and two in one year could make a big impact, he said.