topic 401K RMD age in Retirement tax questions

401K RMD age

wolf2ie — Thu, 20 Feb 2020 20:31:06 GMT

Has the age for taking RMD from 401K increased to 72.5 for 2020?

Re: 401K RMD age

DavidD66 — Thu, 20 Feb 2020 20:47:32 GMT

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.

Re: 401K RMD age

dmertz — Thu, 20 Feb 2020 21:40:56 GMT

... unless the still-working exception applies to distributions from your employer's 401(k), in which case your Required Beginning Date would be April 1 of the year following the year you separate from service with the employer providing this plan,