Recent U.S. Tax Law Changes for Retirement Accounts: RMDs Will Change from Age 70 1/2 to Age 72
[The recent tax laws in the United States have made some changes to retirement accounts, (RMDs) will change from 70 1/2 to age 72] CLEC Investment and Financial Management Education Channel Blog date: January 01, 2020 Th
[The recent tax laws in the United States have made some changes to retirement accounts, (RMDs) will change from 70 1/2 to age 72] CLEC Investment and Financial Management Education Channel Blog date: January 01, 2020
There have been some recent changes to U.S. tax laws regarding retirement accounts. Here are two key points for your reference. For details, please refer to the full text:
Retirees — Required minimum distributions (RMDs) will change from 70 1/2 to age 72
Beneficiaries — There will be a 10-year time limit for a non-spouse beneficiary to defer the distributions and income taxes on an inherited IRA.
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