Featured Jobs
|
BPAS
|
|
Goldberg, Swedelson & Associates
|
|
Pentegra
|
|
Retirement Plan Administration Consultant Blue Ridge Associates
|
|
ESOP Administration Consultant Blue Ridge Associates
|
|
EPIC RPS
|
|
Relationship Manager for Defined Benefits Daybright Financial
|
|
Plan Admin/Employee Benefits/Office Admin Columbia Benefits, LLC
|
|
401K Safe
|
|
Senior Plan Consultant, Defined Benefit DWC - The 401(k) Experts
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
SECURE 2.0: Retirement Plan Required Minimum Distribution Age to Increase to 75
Jackson Lewis P.C. 
[Guidance Overview] Jan. 17, 2023 "Effective for distributions made after December 31, 2022, Section 107 of SECURE 2.0 increases the RMD age to 73 for retirees who [1] attain age 72 after December 31, 2022, and [2] attain age 73 before January 1, 2033. It then increases the RMD age to 75 for retirees who attain age 74 after December 31, 2032.... Congress directed the [IRS] to update its regulations to eliminate what can amount to a penalty on plan participants with accounts that include annuity contracts.... For RMD errors, Section 302 of SECURE 2.0 reduces the excise tax applicable when there's a failure to take the full amount of an RMD timely." |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |