Rmd

Forum|Forum|1 year ago
June 26, 2024
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I will be reach age 73 on Sept. 2026.can I start take the rmd on Dec. 2026 and after that I take the rmd Dec every years.is that ok

Ask the Experts - Retirement II - June 2024

KimberW

Yes, you can take your first RMD in the same year that you turn 73 (2026, in your case) and then take the annual RMD each year thereafter.

Because you were born after January 1, 1950, you actually have until April 1 of the first calendar year after you turn 73 to make your first RMD withdrawal. But, that doesn't mean that you get to skip the RMD for the year that you turn 73 -- if you were to wait until April of the following year, then you would have two RMD distributions for that year.

This article contains all of the age-related timing rules -- despite it having "age 72" in its title: What is the required minimum distribution once I reach age 72?

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xmasbaby0

Employee

One word of caution about taking out your RMD each year in December-----do not wait until the last minute in December each year---you want to make sure the distribution is processed before the end of the year.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**