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Retirement tax questions
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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July 26, 2023
1:02 PM