turbotax icon
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.


My husband inherited an account from his dad and we have to take RMD withdrawals each year.  Is there a point/age where we have to start taking money out of our accounts?  He is 69 and I am 64.  I am about to retire.  Thanks.

This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Would you like to view more questions that might be relevant?
2 Replies
Employee Tax Expert


Great Question ! The Secure Act 2.0 passed n December 2022 and signed into law. This tax legislation increased the RMD age from 72 to 73 beginning in 2023 for individuals who turn 72 after 2022.   You are required to take your first RMD by April 1st  of the year after you age 73.  I hope this was helpful!

Terri Lynn
Employee Tax Expert


Hi  bonitacsmith2,


Thanks for the question, "Is there a point/age that we have to start taking money out of our accounts?"


Yes, you generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan accounts when you reach age 72 (73 if you reach age 72 after Dec. 31, 2022). 

Roth IRA's, however, do not require withdrawals until after the death of the owner, while 

designated Roth accounts, in a 401(k) or 403(b) plan, are subject to the RMD rules for 2022 and 2023.

**Note, for 2024 and later years, RMDs are no longer required from designated Roth accounts. 2023 RMDs due by April 1, 2024, are still required.  


For additional information on RMD's go here:

IRS: Required Minimum Distributions 

IRA Retirement Distribution FAQ's 



Hopefully this information helps!






**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Terri Lynn H.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies