Quote:
Originally Posted by retiredguy123
If this year (2022) is your first RMD, you have until April 1, 2023 to take it. If it is not your first RMD, your have until December 31, 2022. So, if you have already taken all or part of your RMD for 2022, you took it earlier than you needed to.
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That's true, but if you wait until 2023 for your first distribution (technically your 2022 distribution) you will also be required to take another RMD by no later than December 31, 2023. Personally, I'd rather have the smaller effect on my tax bill by taking the RMD in each year, not both distributions in the same year.