Correct; if you retire by December 31, 2026, your first RMD will need to be taken by April 1, 2027, for the 2026 year. Your second RMD is due on December 31, 2027, for 2027 (based on December 31, 2026, balance). Subsequent RMDs are due on December 31st annually thereafter.
You need to refer to the plan documents with your employer, as it may require you to begin receiving distributions after you reach age 73, even if you’re still employed.
Keep in mind these are the tax laws as of today, and are always changing and could very possibly change prior to 2026.
I hope this is helpful!
Connie
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