1st RMD after SECURE Act
With the SECURE Act signed into law, will someone who turns 72 in 2022 still be able to wait till April 1, 2023 to withdraw some or all of the 1st RMDs?
With the SECURE Act signed into law, will someone who turns 72 in 2022 still be able to wait till April 1, 2023 to withdraw some or all of the 1st RMDs?
Permalink Submitted by Alan - IRA critic on Sun, 2019-12-29 16:44
Yes, all or part of the 2022 RMD can be deferred to 4/1/2023. Moreover, the proposed new RMD tables should be in place by then for 2022 RMDs, whether deferred or not. The new tables should reduce the first year RMD 5-6%.