April 1st & RMD

Submitted by Vickie Intriago on Mon, 2023-11-27 22:41

Did Secure Act 2.0 eliminate the phrase first RMD must be taken no later than April 1st following the year that the IRA participant turns age 73?
I don’t see it in the language anymore but wanted to make sure that client needs to take RMD the year they turn 73.
Client is born 11.17.1951.

Thanks



Submitted by Alan - IRA critic on Mon, 2023-11-27 22:47

There is no change to the required beginning date. The client’s first RMD distribution year is 2024, but that RMD can be deferred partly or entirely to as late as 4/1/2025. If deferred, 2025 will have two RMDs due for that year.

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