When do I have to take my RMD? For an IRA you own:
• Traditional, SEP, or SIMPLE IRA:
◦ Born 1951–1959: RMDs begin at age 73.
◦ Born 1960 or later: RMDs begin at age 75.
• Roth IRA: No RMD during your lifetime.
• Inherited IRA: Different rules apply, often including a 10-year withdrawal period.
Your first RMD is for the year you reach the applicable age. You may delay that first withdrawal until April 1 of the following year, but then you must also take that following year’s RMD by December 31—potentially putting two taxable distributions in one year. Later RMDs are due every December 31.
The amount is generally your IRA’s balance on the prior December 31 divided by an IRS life-expectancy factor. If you have multiple traditional IRAs, calculate each separately, but you can generally take their combined RMD from one or more of them. Continuing to work does not delay IRA RMDs. Missing one can trigger a tax of up to 25% of the shortfall. IRS RMD guidance (www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distrib...)
If you were born before 1951 and own a traditional, SEP, or SIMPLE IRA, your RMDs should already have begun:
• Born July 1, 1949–December 31, 1950: RMD age was 72.
• Born before July 1, 1949: RMD age was 70½. ... See MoreSee Less

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