topic Retired on December 29, 2021, do I need to take RMD for 2021? in Retirement tax questions

Retired on December 29, 2021, do I need to take RMD for 2021?

saraswati — Mon, 09 Mar 2026 06:28:16 GMT

For 2021 tax return?

Re: Retired on December 29, 2021, do I need to take RMD for 2021?

MinhT1 — Thu, 03 Feb 2022 14:35:29 GMT

If you retired in December 2021, you are not required to take a RMD for your 401(k) in 2021.

Your RMD obligations will start in 2022 if you satisfy the age requirement.

Re: Retired on December 29, 2021, do I need to take RMD for 2021?

saraswati — Thu, 03 Feb 2022 01:52:49 GMT

Thanks a lot.

Re: Retired on December 29, 2021, do I need to take RMD for 2021?

fanfare — Thu, 03 Feb 2022 01:59:10 GMT

You retirement status has nothing to do with the RMD rule for an IRA.

Only your age matters.

Re: Retired on December 29, 2021, do I need to take RMD for 2021?

fanfare — Thu, 03 Feb 2022 02:03:00 GMT

IRA owners:

For tax years 2019 and earlier, you were required
to begin receiving distributions by April 1 of the
year following the year in which you reached age
701/2. If you reach age 701/2 in tax year 2020 or later, you
must generally begin receiving distributions from your IRA
by April 1 of the year following the year in which you reach
age 72.

Re: Retired on December 29, 2021, do I need to take RMD for 2021?

saraswati — Fri, 04 Feb 2022 18:27:47 GMT

Thanks