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What Are Required Minimum Distributions? Required Minimum Distributions are minimum amounts you’re required to withdraw from certain types of tax-advantaged accounts beginning at age 72. If you ...
Image source: Getty Images. 1. Roth 401(k)s are no longer subject to RMDs. Anyone who opted into their workplace's Roth 401(k) and used it as their only retirement account could've been in for a ...
3. Workplace retirement plans have an RMD exception. If you have a retirement plan at work, such as a 401(k) or 403(b), there’s an important RMD exception.
According to CNBC, you must take your first RMD by April 1 of the year following the year you turn 73, and if you turn 72 in 2023, you can delay RMDs until age 73.
In most cases, you can postpone taking RMDs from a workplace retirement plan -- like a 401(k), 403(b) or 457(b) -- until you retire. There are exceptions, and this option isn't available for IRAs.
The start date for required minimum distributions has been rolled back a few times over the years, most recently with the SECURE 2.0 Act. If you turned 72 during or before the year 2022, you must ...
Required minimum distributions (RMDs) are withdrawals you have to make from most retirement plans (excluding Roth IRAs).The age for withdrawing from retirement accounts was increased in 2020 to 72 ...
You don't have to take an RMD from Roth accounts in your 401(k) anymore. The new rule is part of the Secure 2.0 Act from 2022, but it didn't go into effect until 2024.