the crossover can get confusing...to both individuals and for putting in the proper number in various software pages.
For anyone reaching 70.5 at any time in 2019 or before, the 70.5 age still applies. IF they turned 70.5 after 2019, then the 72 age applies.
EXCEPT, that the COVID changes in 2020,allowed RMD's from IRA's and 401k's to be suspended entirely during 2020.....any plan where the user has to initiate a withdrawal to satisfy the RMD every year. (BUT anyone turning 70.5 in 2019, but delayed their first RMD until early 2020 still had to take that RMD...that was not suspended)
Pension distributions that were started and paid monthly automatically during retirement, will technically still have RMDs at age 70.5 or 72...but whatever they paid out is the RMD.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
