IRAs RMD Age Change: 70½ to 72
- The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 pushes back the age at which retirement plan participants need to take required minimum distributions (RMDs) from age 70½ to 72.
- The SECURE Act also allows retirees to make contributions indefinitely to a Traditional IRA if they have earned income (this feature was already in place for Roth IRA owners).1
IRA Beneficiaries — Your Annual Review
We recommend that you review, and update as necessary, both your primary and contingent IRA beneficiaries annually. If your situation has changed, there may be unintended consequences from your beneficiary designations.