Turning 73 – should I defer my first withdrawal till 2025?
Hi Terry,
I turn 73 in February 2024. I read about deferring my first withdrawal into a Roth until 2025. Is this correct and a good idea?
THanks,
Terry Says
Probably not. It will raise your income in 2025 — perhaps enough to increase your Medicare Part B premiums! Or put you in a higher tax bracket. Keep it simple. Take your first RMD in the year you reach age 73.
