Current federal spending bill has changes to retirement savings rules

They’re mostly good changes. Here is the NY Times article.

Most of it applies to people who are still working and young or young-ish. But the big news for retirees is that the age at which you must begin taking Required Minimum Distributions is going up again to 73 next year. It will be going up to 75 eventually.

Whoopee! just when your editor was set to start RMDs next year, we get a year’s reprieve.

Warning: this bill hasn’t passed Congress yet, so it may not happen like this. Keep watching your reliable news sources for updates.

Posted on December 20, 2022, in Uncategorized and tagged , , . Bookmark the permalink. Leave a comment.

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