Sorry if this is a dumb question, but the wording is not clear to me.
"RMD due by Dec 31, 2024"
Does this mean the RMD for that month, or the total RMD received for the entire year? I'm guessing for the entire year but I don't know for sure.
Thanks in advance!
Bonnie
Yes for the whole year. You have to take out all your 2024 RMD by Dec 31, 2024 unless this is your first year RMD. Then you have until April 1, 2025 to take the 2024 RMD.
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