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Thread: Bill in Congress HR 8331
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Old 07-24-2022, 08:07 AM
retiredguy123 retiredguy123 is online now
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Originally Posted by collie1228 View Post
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.
Correct, but if your marginal tax rate doesn't change, it doesn't really matter.