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Image source: Getty Images. RMDs begin at age 73 for individuals born in 1951 or later. Traditionally, required minimum distributions (RMDs) have started at age 70 and 1/2 (born before July 1949 ...
The IRS won't enforce the rule until 2025. ... Anyone born in 1959 will start taking RMDs at age 73. The Secure 2.0 Act increased the required minimum distribution age from 72 to 73 starting in ...
For example, someone that turns age 73 in 2024 must take their first RMD by April 1, 2025. They would also have to take a second RMD by December 31, 2025. And all subsequent RMDs would need to be ...
The Secure 2.0 Act increased the RMD age from 72 to 73 as of 2023 — and the age will increase to 77 starting in 2033. ... 3 Changes Coming To Retirement Required Minimum Distributions in 2025 ...
However, if you just turned 73 in 2024, you have until April 1, 2025, to make your RMD for this year. In subsequent years, though, you must make your RMDs by Dec. 31 of that year. 2.
Required minimum distributions ... are a fact of life for most Americans once they reach the age of 73 — and while many retirees may ... the excise tax will be applied on your April 2025 tax ...
That distribution will count toward your RMD, but you don't have to wait until age 73 to take advantage of a QCD. They're available to anyone age 70 1/2 or older.
The Secure 2.0 Act increased the RMD age from 72 to 73 starting in 2023 and then upped it again to 75 in 2033. However, this created an interesting problem for anyone born in 1959.
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