I Waited to Take My First RMD Until April 1st. Will This Affect My Second Year ' s RMD?

Unlike most personal finance questions, the answer to this one is short and simple: yes, waiting until April 1st to take your first RMD will affect the amount of your second year’s RMD. The IRS rules on required minimum distributions – RMDs – demand that anyone turning 73 in 2024 withdraw a…#rmd #socialsecurity #medicare #smartreads

Source: Reuters: Health - April 17, 2024 Category: Consumer Health News Source Type: news