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Retirement tax questions
while you have the option of taking that first RMD in 2022, as stated above that will mean two RMD;s that year.
based on your own tax situation, it may be worth taking the 1st RMD by Dec, 2021 as the two RMD;s may push you into a higher tax bracket in 2022 - so it would be less tax to take one RMD each year.... depends on your situation.
‎December 29, 2020
2:49 PM