Rmd

[Shffk24505153]

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

[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? 

[xmasbaby0]

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.

[dmertz]

Also, you do not have to wait until your 73rd birthday in 2026 to take your 2026 RMD.  You can take it anytime in 2026.