Federal law requires you to start taking RMDs at age 72, but you can start taking them sooner. If you start too soon, your savings could run out before you die. But if you take them too late, you're leaving money on the table. So, let's look at this topic and discuss when is the best time to start taking RMDs.
As an owner of an IRA aged 72 or older, you have options about when to accept your annual “minimum required distribution” (or RMD). You can take it at the beginning of the year, do it in monthly or other periodic installments, or wait until the last minute.
