Investing at Age 74
Starting with your second RMD and all future distributions, the deadline is December 31 each year. The April 1 grace period applied only to your first RMD. If you are taking annual RMDs, confirm each distribution by year-end. Missing an RMD triggers an IRS excise tax. Review your RMD calculation annually, as the divisor changes each year based on IRS life-expectancy tables.