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Thread: Bill in Congress HR 8331
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Old 07-24-2022, 09:16 AM
bp243 bp243 is offline
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Originally Posted by retiredguy123 View Post
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.
For some of us, the reason that we took it earlier happened to be a wise move before this announcement anyway, since our money was worth more in January than it is today. If our withdrawal isn’t taxed that would be an even greater advantage. Unsure if that’s the case.