Changes in Required Minimum Distributions to Age 72

The SECURE Act signed into law by President Trump made a major change in Required Minimum Distributions(RMD).

  1. Those individuals with the Traditional Individual Retirement Accounts (IRA) who turned 70 1/2 in 2020, can delay their first RMD until April 1 of the year that  they reach age 72.
  2. Those individuals with the Traditional IRA who turned 70 1/2 in 2019 are required to take an their RMD for 2019 and 2020.
April 13, 2020

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