Can I Avoid Taking My RMD After Reaching My Required Beginning Date (RBD)?

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Updated 12/1/2023

**This guide has been updated to incorporate new changes made by The SECURE Act 2.0 that are effective for the 2024 year. Any SECURE Act 2.0 changes that are effective for 2025 will be incorporated into this guide at the start of the 2025 year.

The rules surrounding RMDs (Required Minimum Distribution) are complicated and often require a few conversations with clients to help them understand the issues that must be considered.

To help make this easier, we have created the “Can I Avoid Taking My RMD After Reaching My Required Beginning Date (RBD)?” flowchart. This flowchart addresses common questions about RMDs for clients that have reached RMD age, including:

What to do if a client forgot to take an RMD
How the RMD is calculated
How to handle multiple retirement accounts
Which RMDs can be combined and which ones can not
Considerations if the client is still working or a business owner

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