RMD Start date - checking

[Jakyasar]

If I was born on 4/11/1952, my first RMD is due 4/1/2025, am I correct?

[ratherbereading]

You will be 73 in 2025. If you are an owner, or terminated in 2025 it is due 12/31/2025 or 4/1/2026. Or someone can correct me...

 

[G8Rs]

I agree with ratherbereading. 

[Jeff Hartmann]

If participant born 4/11/1952 is terminated or was a 5%-owner,  his  Required Beginning Date is  April 1, 2026    (not 12/31/2025).

 

....  Jeff

[Towanda]

 . . . Although, to avoid being taxed twice in the same year for 2 RMDs, the participant can elect to take their first RMD by December 31, 2025.  

As a practice, we inform RMD eligible participants that they may take their first RMD by December 31 of the year they attain RMD age to avoid doubling distributions in a single tax year and bumping up their tax liability.  The Required Beginning Date is a "not later than" date.

[ratherbereading]

12 hours ago, Jeff Hartmann said:

If participant born 4/11/1952 is terminated or was a 5%-owner,  his  Required Beginning Date is  April 1, 2026    (not 12/31/2025).

 

....  Jeff

It is actually 12/31/2025... 

[C. B. Zeller]

49 minutes ago, ratherbereading said:

It is actually 12/31/2025... 

It is actually 4/1/2026. 2025 is the first distribution calendar year, but the required beginning date is April 1 of the following calendar year. The definition of "required beginning date" is found in 1.401(a)(9)-2 Q&A-2 (which has not yet been updated for SECURE, let alone SECURE 2, so mentally substitute age 73 below)

Quote

Q-2. For purposes of section 401(a)(9)(C), what does the term required beginning date mean?

A-2. (a) Except as provided in paragraph (b) of this A-2 with respect to a 5-percent owner, as defined in paragraph (c) of this A-2, the term required beginning date means April 1 of the calendar year following the later of the calendar year in which the employee attains age 70½ or the calendar year in which the employee retires from employment with the employer maintaining the plan.

(b) In the case of an employee who is a 5-percent owner, the term required beginning date means April 1 of the calendar year following the calendar year in which the employee attains age 70½ .

 

[Belgarath]

I agree with Jeff. The distribution calendar year is 2025, yes, but the Required Beginning Date is April 1, 2026.

I see that C.B. and I were typing at the same time.