For example, for someone who turns age 72 in 2021, 2021 is the first distribution year for her IRA, but the 2021 RMD can be postponed until as late as April 1, 2022. Is it better to postpone the RMD to get additional deferral or take it in 2021 to avoid bunching two RMDs into 2022?When should I take my RMDs?
The deadline for taking RMDs is December 31 each year. You may delay taking your first RMD (and only your first RMD) until April 1 of the year after you turn 72.* If you choose to delay your first RMD, you'll have to take your first and second RMD in the same year.What happens if I take more than my RMD?
Any distribution from an account that requires an RMD will count toward that year's RMD. Amounts withdrawn in excess of that RMD amount do NOT reduce RMD amounts in future years. You are not required to take RMDs from your own Roth IRA, and cannot satisfy an RMD requirement with a withdrawal from a Roth IRA. How do I take my RMD?When is Paul’s first RMD due?
Since Paul had not reached age 70½ before 2020, his first RMD is due for 2021, the year he turns 72. Paul’s first RMD is due by April 1, 2022, based on his 2020 year-end balance. Paul must receive his 2022 required minimum distribution by December 31, 2022, based on his 2021 year-end balance.