Understanding RMDs: Key Updates and Future Changes
The rules governing Required Minimum Distributions (RMDs) have seen significant changes with the passage of the SECURE Act in 2019 and the SECURE Act 2.0 in 2022. These updates aim to provide greater flexibility and benefits for retirees, but they also introduce new requirements and considerations. Here’s a detailed look at the recent changes and upcoming modifications.
Changes to Required Minimum Distributions
This year, we have already received several questions regarding the updated RMD table and distributions. So, I thought I’d answer two commonly confusing aspects of taking RMDs through this article.