Key Takeaways
- For people reaching the current starting age, RMDs generally begin at 73; your birth year, account type and circumstances matter.
- Delaying a first RMD until April 1 of the next year can put two required distributions in that year.
- The current shortfall excise tax is generally 25%, potentially reduced to 10% for a qualifying timely correction. Do not use an old blanket 50% figure.
An old “last chance” headline is not a deadline for your account. Build a calendar from the rules for your own starting year.
Check which accounts are covered
Roth IRAs and designated Roth workplace accounts have no lifetime RMD for their owner; beneficiary rules differ. Some workplace-plan participants can delay an RMD while employed, subject to conditions. Confirm the applicable rule before assuming an exception.
Keep a withdrawal checklist
- List each account and ask the custodian or administrator what calculation and deadline apply.
- Record the calculated amount, completed withdrawals and any remaining shortfall.
- Confirm aggregation rules before taking everything from one account; account types are not interchangeable.
- Set reminders before the deadline and retain distribution confirmations.
If a withdrawal was missed
Use the IRS instructions for the year involved. The IRS describes Form 5329 reporting and a possible waiver for a reasonable error when corrective steps are taken. A waiver is not automatic.
Before delaying a first withdrawal, compare the household cash flow and tax consequences of receiving two distributions in one year.
Related reading
- Traditional vs. Roth IRA in 2026: Compare Eligibility, Taxes and Access
- Build a Retirement Budget Around Income Dates and Uneven Costs
Official sources
Source check: October 25, 2026.
