Secure Act 2.0 Question

Submitted by Kevin O'Hearn on Wed, 2023-01-04 15:46

Hello, now that the RMD age is 73 does this mean that a person turning 73 in 2023 could delay their first RMD until 04/01/2024 and then have to take an additional RMD in 2024 for that year?

Thank you.



Submitted by David Mertz on Wed, 2023-01-04 16:33

[Disregard this incorrect reply.  The age 73 RBD only applies to those reaching age 72 after 2022]  Yes, the RBD for someone reaching age 73 in 2023 is April 1, 2024.

Submitted by Jessica DeBold on Wed, 2023-01-04 20:45

If this person turns 73 in 2023, they would have been 72 in 2022 so the old RMD rules would still apply here wouldn’t they?  I thought this only applied for someone turning 72 in 2023. 

Submitted by Alan - IRA critic on Wed, 2023-01-04 21:02

Yes, good catch. A 2022 RMD is required with an RBD of 4/1/2023. There are no IRA RBDs in 2024 because no one’s first RMD year will be due for 2023. 

Submitted by David Mertz on Wed, 2023-01-04 21:30

Thanks for catching that.

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