Secure Act

If I Turned 70.5 in 2019 how does the secure act effect my RMD?



You still have to take your 2019 RMD no later than 4/1/2020. Moreover, you will likely have to take your 2020 RMD by the end of 2020 since once RMDs have begun for a plan, they must continue, even if you have not yet turned 72 by 12/31/2020. That said, it is possible that the Senate alters some of the Secure Act provisions, so nothing is set in stone at this point.  Whatever provisions eventually are signed into law may still require the IRS to clean up certain details.EDIT 12/23/19 – The above is correct regarding both the 2019 and 2020 RMDs. 

I will turn 72 Dec. 12th of 2021. Does that mean I must begin my RMD’s in 2021 or do I have till sometime in 2022 to make that distriubution? 

2021 will be your first RMD distribution year, meaning that you must distribute a 2021 RMD. However, you have until 4/1/2022 to complete the 2021 RMD. Deferring the 2021 RMD till 2022 will result in two RMDs being taxable in 2022, but none in 2021. You can still do a QCD at 70.5 (exact day), but in 2020 there will be no RMD to offset.

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