Hi!
As an addendum to that mentioned earlier and to your very pointed question, If you wait until April 1 of 2025, you will be required to make two withdrawal from your IRA for that year. The law says that the distribution should be made by December 31 of 2024 but allows an extension to April 1 of 2025.
In essense, you will miss the RMD for 2024 by extending and now is forced to also take the RMD for 2025. This will certainly require you to pay more tax overall as the withdrawals will move you to another tax bracket.
One benefit of taking the full amount of the RMD in December of each year will allow the total amount of funds in the account to grow through the interest earned and thus will insure a higher total in the account overall!
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