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Level 2
posted Feb 2, 2025 10:14:45 AM

Did I already take my Required Minimum Deduction (RMD)?

I think I know the answer to this question, but I just want to secure a "YUP!" from the experts here ... 

 

I turned 73 in 2024.  I withdrew more than enough funds in 2024 for a bathroom remodel to meet the RMD dollar requirement.  Am I correct in thinking that my next RMD withdrawal is not due until December 21, 2025?

 

Thanks!

0 2 1195
2 Replies
Expert Alumni
Feb 2, 2025 10:27:17 AM

Yes, you are correct because you have satisfied the RMD requirement for 2024.

Level 15
Feb 2, 2025 10:50:35 AM

And since you turn 74 in 2025 (21 Dec?) you can take it any time in 2025, you don't have to wait until your birthday. The RMD amount/divisor/% for 2025 is set based on your age right after your birthday...i.e 74 for 2025.