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So, if you turned 73 in 2024, you have until April 1, 2025, to make your 2024 RMD. However, if you haven't done yours yet, you'll have to take two RMDs -- one for 2024 and one for 2025 -- this year.
3 Required Minimum Distribution (RMD) Rule Changes Everyone Must Know In 2025. Adam Levy, The Motley Fool. January 6, 2025 at 3:44 AM. ... 2019, you may have to take an RMD in 2025.
For example, if you turned 73 in 2024, you technically have until April 1, 2025 to take your 2024 RMD before the government hits you with a penalty. But there are a few things to be cautious about ...
Required minimum distributions (RMDs) are withdrawals you have to make from most retirement plans (excluding Roth IRAs). The age for withdrawing from retirement accounts was increased in 2020 to ...
This is known as the required minimum distribution (RMD), ... If you turned 73 in 2024, you have until April 1, 2025, to make your RMD. Let's use an example to illustrate. If you turn 75 this year ...
However, if you turned 73 in 2024, you have until April 1, 2025, to take your first RMD, so a QCD may still be an option for you. Even if you don't do this for 2024, it's something to keep in mind ...