The Internal Revenue Service has released proposed regulations that would restate the required minimum distribution (RMD) rules to incorporate changes made by the SECURE Act.
Those changes include the increased the age for determining an individual’s required beginning date to age 72 from 70-1/2 (for individuals attaining age 70-1/2 after 2019), a change in life expectancy tables, and also significantly altered the timing requirements for RMDs made to beneficiaries after a participant’s death.
The proposed regulations would be effective for RMDs for 2022 and later years.