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If you’ve reached age 72, you must take RMDs. Use this table as a guide.
There are exceptions for spouses, minor children, beneficiaries less than 10 years younger than the IRA owner, and disabled or chronically ill beneficiaries. ... The following table indicates your ...
If your spouse was younger than 72 or turned 72 in 2023, you can delay RMDs until your spouse would have reached age 72, or 73 if they turned 72 in 2023. RMD rules can get complicated quickly.
(Spouses have much greater rollover rights and can delay distributions until they are age 72 [a] if they choose.) A nonspouse IRA beneficiary must either begin distributions by the end of the year following the decedent's death (they can elect a "stretch" payout if they do this) or, if the decedent died before April 1 of the year after he/she ...
Image source: Getty Images. 1. You have three extra months (or longer) to take your first RMD. As mentioned, RMDs currently begin the year you turn 73.
Image source: Getty Images. 1. Required minimum distributions no longer apply to Roth 401(k)s. If you decided to save in a Roth 401(k) instead of your employer's tax-deferred 401(k) option, you ...
Image source: Getty Images. 1. Roth 401(k) accounts are no longer subject to RMDs. This rule change from the SECURE 2.0 Act went into effect in 2024.
If those funds remained in your retirement account, younger beneficiaries would have to distribute those funds within 10 years and pay taxes at their income tax rate.