Hello Bob318,
If you turned 72 this year in 2022, you must make your first withdrawal by April 1, 2023. but you also need to make your second withdrawal by December 31, 2023, and December 31 for each year going forward. So if you wait until April 1, 2023 to take your first RMD (required minimum distribution) then you will have a higher income in your tax year 2023 which may cause more of your Social Security benefit to be taxable and also it may put you in the higher tax bracket. If you don't want that to happen, you may want to take your first RMD with in the tax year 2022, even though you don't get penalized if you wait until the April 1, 2023.
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