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New Required Minimum Distribution Rule

The rules on when retirees must take required minimum distributions(RMDs) changed as of Jan. 1, 2020, thanks to the SECURE Act, which was signed into law on Dec. 20, 2019.

Under the old rules, anyone with money in an IRA was forced to take an RMD every year starting at age 70½. The SECURE Act now delays those required distributions until age 72.

Kiplinger is in the process of updating its retirement tools to reflect this important change in rules, but in the meantime, here are a couple of key points to understand:

Judith Flandreau Dievendorf - President