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Retirement tax questions
Yes. For the first year RMD (you turn 72 in Aug 2021) you have until the next April 1 to take it. That's only the first time. But then you will still need to take the 2022 RMD by Dec 31, 2022. So you will have to take 2 RMDs in 2022.
And you have to take each kind of RMD separately. So you have to figure and take the 401K RMD and a IRA RMD. You need to take from both.
‎December 28, 2020
1:30 PM