Roth conversion tool has 72 instead of 75 for required RMDs
I checked my birthday and my wife's in the tool and they are correct. The Roth conversion tool is great!! But, we were both born after 1/1/1960 which pushes our RMDs to 75. But, the tool has it starting at 72. How do I correct it? Sorry, I should have said that this is from the Roth Conversion Explorer. Where should your converted funds go?>>>>>What strategy would you like to model? (I picked lowest lifetime taxes)>>>>Is it okay to pay for the tax liability of Roth conversions with tax-deferred funds? YES>>>>>Would you like to set a specific start and stop age for conversions? NO>>>>SUMMARY.
SOLVED: humblequest22
Your spouse turns 75 in 2035 and that is the first year there is a non-zero RMD. Your age isn't a factor yet.
(I already gave an answer, but this is the direct answer, so I posted again.)
From the Required Minimum Distributions (RMDs) chart