Required Beginning Date (RBD)

Submitted by RonC on Sun, 2024-04-07 23:50

I turn 73 later this year and was planning on taking RMD before that date or possible half before and half after.  However, I think my RBD is April of next year and if true, here’s my question.. if I die before next April after having taken my RMD this year, is my RBD of next April still valid for purposes of heirs to NOT take distributions in years 1 thru 9 ?

In other words, would it be prudent for me to hold off taking the 1st RMD until next April, even tho that would likely mean two for 2025 ?



Submitted by Alan - IRA critic on Mon, 2024-04-08 15:31

If you pass prior to RBD your beneficiaries will not have to take annual beneficiary RMDs in years 1-9 of the 10 year rule. Whether you took distributions between now and the RBD is immaterial, at least with respect to the beneficiary RMDs.

Submitted by RonC on Mon, 2024-04-08 16:39

Thanks, so if I don’t pass, the distribution(s) I take this year will count as my RMD, correct ?

Submitted by Alan - IRA critic on Mon, 2024-04-08 17:09

Yes, distributions taken any time this year will be applied to your 2024 RMD. But you can defer any portion of the 2024 RMD until as late as 4/1/2025 if you wish. If you choose to use a QCD for any donations, be sure to complete the QCDs before completing your RMD. But you must complete your RMD before converting any amounts to a Roth IRA.

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