Friends and Clients-
At the end of 2022, Congress passed the SECURE Act 2.0. One of the features of this bill changes the age at which individuals must begin taking their RMDs from age 72 to age 73. This change took effect on January 1, 2023 and applies to individuals who turned 72 after December 31, 2022. The Act also provides a second step-up in age to 75 for people who turn 74 after December 31, 2032.
There are some other features of the SECURE Act that may be relevant to your specific situation. Please feel free to reach out to us at [email protected] if you have questions about how these changes may affect you.
Think Abundantly,
Amy