https://finance.yahoo.com/news/secure-act-2-0-passes-1201115…
The original Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed into law by former President Donald Trump in December 2019. This legislation altered the existing retirement savings plan system in terms of RMD, contributions to traditional IRAs, 529 plan uses for student loans, and making annuities easier for 401(k) plan administrators to offer.
The SECURE Act 2.0 expands on all of these provisions, including increasing the RMD age further to 73 in 2022, to 74 in 2029, and to 75 in 2032.
intercst
6 Likes
- Bad link.
- Dude, this was passed three weeks ago (in March) - old news.
- Your quoted section must be from last year (maybe why a bad link?). The text of the bill has been updated to reflect that we are already in 2022:
https://www.congress.gov/bill/117th-congress/house-bill/2954…
In the case of an individual who attains age 72 after December 31, 2022, and age 73 before January 1, 2030, the applicable age is 73.
“(II) In the case of an individual who attains age 73 after December 31, 2029, and age 74 before January 1, 2033, the applicable age is 74.
“(III) In the case of an individual who attains age 74 after December 31, 2032, the applicable age is 75.”.
But other than all that, thanks for sharing!
8 Likes
But other than all that, thanks for sharing!
Happy to help.
intercst