I need to start planning when to take my 1st RMD in order not to run into higher tax bracket in one year.
I shall be 72 years old by the end of October 2022. Just to double check this :
1. My 1st RMD must be taken before 4/15/2023, is that correct?
2. Assuming I take my 1st on 4/15/2023, is my 2nd RMD also due on or before 12/31/2023?
3. Is it OK to take my 1st RMD in 2022, so that I don't have to take 2 RMDs in 2023?
4. Is taking 2 RMDs in the same year (2023) in question 2 , they both go to 2023 TAX year reporting?
5. If I take my 1st in 2022, the basis is based on 12/31/2021? But I am not 72 on 12/31/2021!
