Overview
- Those born before 1960 must start RMDs at age 73, with an April 1 first‑year deferral option that results in two withdrawals in the same calendar year.
- Roth IRAs and Roth 401(k)s do not require RMDs, unlike traditional IRAs and 401(k)s.
- Qualified charitable distributions can send money directly from a retirement account to a registered charity to potentially eliminate taxes on that RMD amount.
- Retirees are advised to review portfolios for sufficient income and to trim outsized positions, with a single stock at roughly 15% flagged as a risky concentration.
- The guidance urges initiating any withdrawals and charitable transfers now to avoid processing snags and penalty exposure before 2025 ends.