topic Born June 1931. what is my rmd age? in Retirement tax questions

Born June 1931. what is my rmd age?

stub99 — Wed, 17 Mar 2021 17:02:46 GMT

Re: Born June 1931. what is my rmd age?

LenaH — Wed, 17 Mar 2021 17:24:53 GMT

If you were born in 1931, your RMD age was 70 1/2.

Per the IRS, the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) became law on December 20, 2019. The Secure Act made major changes to the RMD rules. If you reached the age of 70½ in 2019 the prior rule applies, and you must take your first RMD by April 1, 2020. If you reach age 70 ½ in 2020 or later you must take your first RMD by April 1 of the year after you reach 72.

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Re: Born June 1931. what is my rmd age?

stub99 — Sat, 20 Mar 2021 17:05:55 GMT

That didn't answer my question. Perhaps I phrased it poorly. What I wanted to know was when calculating my 2020 rmd was should I use my age as my 2020 birthday or my 2021 birthday. I found the answer buried in the IRS.gov website. Use your 2021 birthday.