Understanding the Increased RMD Age Under SECURE 2.0
Help your clients navigate the changes to the required minimum distribution (RMD) age introduced by the SECURE 2.0 Act.
Key Points
- RMD Age Increase: Educate clients on the increase in the RMD age from 72 to 73 in 2023, and to 75 in 2033, highlighting how this change impacts their retirement planning.
- Effective Dates and Impact: Inform clients about the effective dates for the new RMD rules, emphasizing that individuals born in 1950 or earlier are unaffected and must continue to take RMDs as previously required.
- Notice Requirements: Assist clients in understanding the RMD notice requirements for financial organizations, ensuring they are aware of the deadlines and responsibilities for providing RMD notices to IRA owners.