If you’re turning 73 in 2025, it’s important to be aware of your RMD requirements. Due to changes under the Setting Every Community Up for Retirement Enhancement (SECURE) Act and its amendments, if your date of birth falls between January 1, 1952 and December 31, 1952, your first RMD is due by April 1, 2026 at the latest. Let’s dive into your requirements.

RMD: Background

Your required minimum distribution is the minimum amount you must withdraw from your qualified retirement account each year.

What if I am turning 73 in 2025?

If your date of birth falls between January 1, 1952 and December 31, 1952, meaning you turn 73 this year, you have as late as April 1, 2026 to take your first RMD.

TIP: Many opt to take their first RMD by December 31 of the year they reach 73, because if you wait until April 1 of the following year, you will need to take your second RMD by December 31, 2026—hence, two distributions in one year that you will owe taxes on.

For example, you turn 73 in June of 2025. You may delay your first RMD to April 1, 2026, however, you will need to take a second RMD by 12/31/2026.

Do I Need Forms or Documentation?

You do not need to submit a special form when you take your RMD. Your IRA custodian or trustee will automatically process the distribution for you.

When you take your RMD, you will receive a Form 1099-R from your IRA trustee or custodian, which reports the distribution. This form will indicate the total amount withdrawn from your IRA during the year. If the full distribution is your RMD, the form will help you track it for tax purposes.

When you file your taxes, the RMD amount should be reported on your Form 1040. Make sure to keep a record of the distribution, and you’ll be able to easily indicate it when filing your taxes.

Happy Birthday! Don’t forget to take your RMD as you will face substantial penalties for noncompliance.