richardsea
Returning Member

Clarification of RMD Required Begin Date based on changes in Secure Act 2.0

I turned 72 on 12/06/2024. Based on what I read in Secure act 2.0 changes I should not have to start taking RMD until I turn 73. Then I must either take my RMD before 12/31/2025 or by April 1, 2026.

Is TT setup to handle this change? I ask because my investment company holding my IRA says I need to take a 2024 RMD by April 1, 2025 and a second RMD by the end of 2025.

The other question this brings up is if I do not need to take RMD until My 73 date, can I take early RMDs before my Required Distribution Date or do I have to wait and actually wait until I am 73?