Important RMD Information for Seniors
- Required Minimum Distributions-- When do they start?
Taxpayer's Date of Birth Start RMDs after reaching age:
Before July 1, 1949 70 1/2
July 1, 1949- Dec. 31, 1950 72
1951-1959 73
1960 or later 75
You are required to take your minimum distribution by April 1, the year after you reach the age above. Please be advised that if you wait until April of the following year you must take that current year's distribution as well.