Fill out the form and one of our experienced CPAs will get back to you shortly.
Under the SECURE Act 2.0, the mandatory age to start Required Minimum Distributions (RMDs) is now 73 for those born between 1951 and 1959, and will increase to 75 in 2033 for those born in 1960 or later. For 2025, if you have reached age 73, you must withdraw a specific amount based on your Dec 31, 2024, account balance and the IRS life expectancy factor to avoid a 25% penalty.
12+
Years Serving NYC
50
States Covered
5★
Rated on Yelp
150,000+
Returns Filed
Open
Evenings & Weekends
The MRD age is the age at which individuals must start withdrawing required minimum distributions (RMDs) from retirement accounts, such as 401(k)s and IRAs. Starting in 2024, this begins at age 72 for most individuals. However, recent legislative changes, like the SECURE Act 2.0, allow some to delay withdrawals until age 73 or 75, depending on their birth year.
Birth Year Range | MRD Age |
|---|---|
Before 1951 | 72 |
1951-1959 | 73 |
| 1960 or later | 75 (effective in 2033) |
Yes, but it may increase your taxable income for the year, so plan carefully.
Traditional IRAs, 401(k)s, 403(b)s, and other tax-deferred retirement accounts. Roth IRAs do not require withdrawals during the owner’s lifetime.
The amount depends on your account balance as of December 31 of the previous year and your age, according to IRS life expectancy tables.
Only in certain cases, such as for Roth IRAs or if you qualify for SECURE Act provisions to delay until age 73 or 75.
You can combine RMDs from multiple IRAs, but each 401(k) must be withdrawn separately.
If you miss the MRD deadline, the penalty is 25% of the amount not withdrawn. However, if corrected within two years, the penalty may be reduced to 10%.
Yes, after withdrawing your RMD, you can reinvest the money in a taxable account, but it cannot be redeposited into a tax-advantaged retirement account like an IRA.
If you are still working and have a 401(k) with your current employer, you may be able to delay RMDs from that account until you retire. However, this does not apply to IRAs or other 401(k) accounts from previous employers.
For inherited IRAs, RMD rules depend on whether you are a spouse, non-spouse, or eligible designated beneficiary. Generally, you must withdraw the entire account within 10 years unless you are a spouse or another eligible beneficiary.
Yes, Roth 401(k)s are subject to RMDs, unlike Roth IRAs. However, you can roll over your Roth 401(k) into a Roth IRA to avoid RMDs during your lifetime.
No cost to start
Fifteen minutes with a CPA who handles this every week. We will walk you through your options — no sales pitch, no obligation.
“George has prepared and maintained the corporate accounting and provided consultant services for my company for a number of years. He has always done an outstanding, professional and courteous job. I feel that his rates are very fair and he provides a great value for the cost.”
“Excellent service and very professional. George and his team have been handling my business taxes for years and I couldn't be happier with the results. They are always available to answer questions and provide expert advice.”
“I've been working with Dimov CPA for both personal and business taxes. Their attention to detail and knowledge of tax law has saved me thousands. Highly recommend to anyone looking for a reliable CPA in NYC.”
Keep reading
RSA taxation explained by a New York CPA. Restricted stock units vs restricted stock awards, withholding at vest, sell to cover, forfeiture, and the QSBS clock.
Contributed too much to your 401(k)? What counts as an excess deferral, how a mid-year job change causes one, and what changes in 2026 for higher earners.
Filing and paying are two separate tests on two different numbers. You can be required to file the UBT and owe nothing at all. What each test measures.
Ready when you are
A CPA will review your situation and give you a straight answer. No commitment, no jargon.
