Marquette Financial Planning Insights - Secure Act 2.0
On December 29, 2022, President Biden signed the SECURE 2.0 Act of 2022 ("SECURE 2.0") as part of the Consolidated Appropriations Act of 2023. The law includes a provision that increases that starting age for RMDs to 73, eventually allowing some IRA owners to begin RMDs as late as age 75! However, those who have already started RMDs must continue.