ThinkAdvisor article on IRS guidance for 2023 IRA RMDs- SECURE ACT 2.0

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
Topic Author
Navillus1968
Posts: 977
Joined: Mon Feb 22, 2021 5:00 pm
Location: FL Tampa Bay

ThinkAdvisor article on IRS guidance for 2023 IRA RMDs- SECURE ACT 2.0

Post by Navillus1968 »

If you turned 72 in 2022 or if you will turn 72 in 2023, this article could clarify whether you need to take a 2023 RMD from your IRA.
Article talks about IRS Notice 2023-23 (https://www.irs.gov/pub/irs-drop/n-23-23.pdf edit- fixed bad link) that clarifies SECURE ACT vs SECURE ACT 2.0 confusion on RMD ages.
https://www.thinkadvisor.com/2023/03/20 ... 2023-rmds/

TL; DR version-
If you turned 72 in 2022, you have until 01 April, 2023 to take last year's RMD. You also have a 2023 RMD.

If you turn 72 in 2023 (1951 birth year), no RMD is due for 2023, your required beginning date (RBD) is now April 1, 2025.
Post Reply