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If you’ve reached age 72, you must take RMDs. Use this table as a guide.
Data source: IRS. Keep in mind you can delay your first required minimum distribution until April 1 of the following year. That said, your next distribution must come out by Dec. 31 of that year ...
Individuals with IRAs are required to begin withdrawing a minimum amount from their IRAs no later than April 1 of the year following the year in which they reach age 72. [a] IRA owners do not have to take lifetime distributions from Roth IRAs, but after-death distributions (below) are required. They can always withdraw more than the minimum ...
A required minimum distribution, or RMD, is the amount of money that the IRS requires you to withdraw annually from certain retirement plans the year after you turn 73 years old.
The Secure 2.0 Act increased the required minimum distribution age from 72 to 73 starting in 2023. Starting in 2033, the RMD age jumps to 75. But this creates a problem for anyone born in 1959.
What Is a Required Minimum Distribution (RMD)? An RMD is the minimum amount of money you must withdraw from a tax-deferred retirement plan and pay ordinary income tax rates. The age to begin RMDs ...