What happens if I forget to take my RMD at age 73?

If you miss your RMD deadline, you face an IRS penalty tax equal to 25 percent of the unwithdrawn amount, which reduces to 10 percent if corrected promptly with IRS Form 5329.

Can I take more than the minimum required distribution amount at age 73?

Yes, you can withdraw more than your calculated RMD at any time, but excess withdrawals cannot be carried forward to satisfy RMDs in future tax years.

How do I calculate my exact RMD amount at age 73?

Divide the fair market value of your tax-deferred retirement accounts as of December 31 of the previous year by the life expectancy factor from the IRS Uniform Lifetime Table.

Can I deposit my forced RMD payout back into a Roth IRA?

No, IRS rules prohibit rolling over RMD funds into a Roth IRA or any other tax-advantaged account. You must pay income tax on the distribution first.

Why Age 73 Changes More Than People Expect Financially

August 11, 2026 · Personal Finance

Next Steps for Your Age 73 Financial Strategy

Age 73 represents far more than a numerical birthdate; it marks a structural turning point in your retirement finances. By recognizing that forced distributions alter your tax bracket, Social Security taxation, and Medicare premiums, you can shift from reactive compliance to proactive management. Take time to audit your pre-tax balances, map out withdrawal timelines, and explore tools like Qualified Charitable Distributions and early Roth conversions to protect your wealth.

Your ideal strategy depends on your account mix, current income levels, and legacy goals. By taking proactive steps today, you ensure that your retirement strategy serves your financial interests rather than the tax authority’s schedule.

This article provides general retirement education and information only. Everyone’s financial situation is unique—what works for others may not work for you. For personalized advice, consider consulting a qualified financial professional such as a CFP or CPA.