Rmd age
Hi:
My client’s dob is 12/23/1951. She is currently 72. We will start her RMDs this year. Could she delay until April of 2025 and then take 2 Rmds in 2025. One would be for 2024 and then the 2nd for 2025. All the changes to RMD age is confusing me. Thx
Permalink Submitted by Alan - IRA critic on Wed, 2024-01-24 15:36
Yes, the 2024 RMD can be pushed back as far as 4/1/2025, but that will result in 2 taxable RMDs due in 2025 and that is not usually beneficial. However, in some cases where all or part of the first RMD is deferred, the amount of taxable SS income over the 2 years can be reduced, or in other cases the client’s other taxable income in the first year could be higher than what is projected in the second year, so deferral might be beneficial. Determining if either of these situations exists requires tax modeling likely using a tax program, and would probably be done late in the first year (2024). Secure Acts did not affect this one time chance to defer the first RMD.