First required minimum distribution


Q. I will turn 70½ years old on March 29, 2014. In what year do I have to take my first required minimum distribution? I have been told it would be on April 1, 2015, but I want to be 100 percent sure it isn’t April 1, 2014.

A. It’s the year after the year in which you reach age 70½, so 2015.


About Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at


  1. This is not a complete answer. Yes, you do not have to take the first required minimum until 2015. But, unless I am mistaken, you will also have to take the second one in the same year. Considering the tax consequences, do you want one distribution in 2014, or two in 2015? Like I said, I may be wrong but you should be sure if this is so.

Leave A Reply