Should You Take Or Postpone Your First RMD?

All of these differences increase complexity which increases the possibility of confusion and opportunity for making an error, so unless you have a very compelling reason (such as those listed above) it’s probably in your best interest to go ahead and take the first distribution in the first year – when you reach age 72.

Note:  Bear in mind that this planning doesn’t apply to inherited IRAs and the RMDs – only to your own regular distributions from your own IRA. 

In addition, if you have a 401(k), 403(b) or other employer-oriented retirement plan instead of an IRA, your first year for distribution might be later than age 72. This occurs if you were still working for the company and are not a 5% or more owner of the company. This only applies to current employers’ 401(k) plans – if you’ve left a company your 401(k) plan will follow the age 72 start rules.

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