I'm trying to understand when I need to calculate and make my first Required Minimum Distributions from my retirement accounts. I was born August 10, 1949. I have a 401K, an IRA and a Sep IRA. My understanding of the confusing IRS documentation, is that I need to calculate the RMDs based on the amounts in my accounts this year, on 12/31/2020, and I need to make the withdrawals by April 1, 2022, not 2021. Is that correct? Is there any difference in making the RMDs for the 401K, as opposed to the IRAs? Thanks, Bob O'Connell.
