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Aug052024

What's New? Final RMD Rules Effective 1/1/25

DateMonday, August 5, 2024 at 2:28PM by AuthorBanking Spectrum

On July 18, 2024, the IRS released final regulations updating the required minimum distribution (RMD) rules for retirement plans. The final regulations, which reflect certain changes made by the SECURE Act and the SECURE 2.0 Act, largely follow proposed regulations issued in 2022 (the 2022 proposed regulations). The final regulations are effective January 1, 2025. Read more in The Gold Book under Mandatory Distributions. 

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