Required Minimum Distribution (RMD) Age Increase

The Secure Act 2.0 was passed in late 2022 increasing the age to start taking RMD’s from IRA’s and 401K accounts to the age of 73 in 2023, further increasing the age to 75 in 2033.  The Secure Act 2.0 also decreases the penalty for failure to take an RMD. 

For more information visit:

https://www.fidelity.com/learning-center/personal-finance/secure-act-2
https://www.cnbc.com/2023/01/03/3-changes-in-secure-2point0-for-required-minimum-distributions.html