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I turned 72 in this July. I was planning to start my RMD in 2023, but apparently, I could defer that until 2024. Would deferring create a problem for me in 2024 by having to take two (2) RMDs, and therefore cause my to pay more taxes?

3 Replies
Employee Tax Expert


Dear CFO Meister,

Great question!  You are correct that you will end up with 2 distributions in 2024 if you wait and that may not be the best tax treatment for you.  You do have the option of taking that first RMD in 2023 and this article does a great job explaining that.

If this answer helps you, please cheer below!  



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Thanks KarenL4 



Level 15


Because you will not reach age 73 until 2024, the SECURE 2.0 Act changed the year for which you must begin RMDs to 2024, so your Required Beginning Date for RMDs is April 1, 2025 so 2025 is the year that you would have to receive two RMDs if you choose to delay your 2024 RMD to 2025.


You have no RMD for 2023, but that doesn't prevent you from taking money out in 2023.  (Some investments like IRA CDs have an early-withdrawal penalty if distributions other than those from RMDs are made before maturity, so that might be something to consider.)

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