403B and SECURE apAct
Hello Allen
I will turn 70 1/2 this year. Will I be able to extend taking my first RMD from my 403B until 2021 with the SECURE act?
Thank you
Hello Allen
I will turn 70 1/2 this year. Will I be able to extend taking my first RMD from my 403B until 2021 with the SECURE act?
Thank you
Permalink Submitted by Alan - IRA critic on Tue, 2020-01-07 17:57
Yes, you can. Your first RMD year will be the year you reach 72. Note that if you have a pre 1987 balance in your 403b, RMDs for that portion of your balance can be delayed to age 75. Note – if you will not hit 71 this year, your first RMD year would be 2022.