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  • RMDs are required in the in the year you turn 70 and 1/2. You can choose to postpone your first RMD until you are 71 and 1/2, however, if you choose to do that the first year you take RMDs you will be distributing 2 years of RMDs in 1 tax year an may find an increased tax liability. If you are considering this option you should work with your accountant before taking action.

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**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.