Oregonians Credit Union — Traditional IRA owners should take their first RMD by April 1 of the year following the year in which they become RMD age. Does the April 1 deadline apply to RMDs required for all subsequent years?

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Traditional IRA owners should take their first RMD by April 1 of the year following the year in which they become RMD age. Does the April 1 deadline apply to RMDs required for all subsequent years?

Traditional IRA owners should take their first RMD by April 1 of the year following the year in which they become RMD age. Does the April 1 deadline apply to RMDs required for all subsequent years?

No. IRA owners must take their RMDs for subsequent years on or before December 31. This means that Traditional IRA owners who delay their first RMD until April 1 of the calendar year following the year in which they attain RMD age must take a second distribution by December 31 of that same year.

For example- Sue turns 73 in 2023. If she delays her first RMD until April 1, 2024, she must take her second RMD by December 31, 2024. She must take all subsequent RMDs by December 31 of each year.

Traditional IRA owners should take their first RMD by April 1 of the year following the year in which they become RMD age. Does the April 1 deadline apply to RMDs required for all subsequent years?

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Traditional IRA owners should take their first RMD by April 1 of the year following the year in which they become RMD age. Does the April 1 deadline apply to RMDs required for all subsequent years?

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