IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.
This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.
Beginning in 2020, in accordance with the SECURE Act, the age requirements for RMDs are:
- If you were born on or after 7/1/1949, you must begin RMDs at age 72.
- If you were born before 7/1/1949, you were required to begin RMDs at age 70½. You cannot wait until you are 72.