OCrawford
Expert Alumni

Retirement tax questions

@Nancy_73 

When do I take my first RMD (the required beginning date)? You must take your first RMD by April 1 of the year following the year in which you turn 72 (70 ½ if  you reach 70 ½ before January 1, 2020) regardless of whether you are still employed. April 1 of the year following the later of the year you turn 72 (70 ½ if you reach 70 ½ before January 1, 2020) or the year you retire (if allowed by your plan). If you are a 5% owner, you must start RMDs by April 1 of the year following the year you turn 72 (70 ½ if you reach 70 ½ before January 1, 2020).
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