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Retirement tax questions
@tgreszler - if you were born in 1950 (and therefore turning 72 in 2022), isn't your RMD requirement:
Beginning date for your first required minimum distribution
- IRAs (including SEPs and SIMPLE IRAs:
- April 1 of the year following the calendar year in which you reach age 72, if you were born after Jun 30, 1949.
So your 2022 RMD is required no later than April 1, 2023. There is time to figure this out. There was no online tool that provided the balance as of 12/31/21???? But you know the balance at the time of transfer to the IRA, right?
What year did you retire? 2022?????
‎June 10, 2022
2:41 PM