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IRA RMD starting age now 73?
I am confused on this as I saw an answer on this forum indicating the starting age is still 72 for RMDs. But I have read many articles recently indicating Congress passed legislation in late '22 changing the starting age to 73 for anyone turning 72 in 2023 or later. Is this correct?
I will be 72 in Sept of this year, 2023 so my understanding is my first RMD would be in tax year 2024 (or by April of 2025 but then I have to take 2 distributions in '25).
Is this correct information?
Thanks
‎June 28, 2023
10:44 AM