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SECURE Act 2.0 – RMD Age Changing Again
Manage episode 358811523 series 3460411
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We’re only a few years removed from the SECURE Act being passed, which brought about significant retirement planning changes. Now three years late, Congress passed SECURE Act 2.0 in late December and we have another round of changes to process and adjust to.
We’ll cover these provisions over the course of multiple episodes, but today we’ll focus primarily on another adjustment to the age you have to begin taking required minimum distributions. Starting this year, the age will move from 72 to 73, which is pretty big news for people that are in their mid-to-late 60s.
Here’s some of what you’ll learn in this episode:
- The RMD age pushed back from 72 to 73 beginning this year. (2:14)
- A specific example of why this change matters to planning. (4:44)
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