Information presented is for general informational purposes only and should not be considered a recommendation for any of the options presented or as personalized advice. Tax information provided is for educational purposes only and not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, you should consult with a qualified tax professional or financial advisor.
The Required Minimum Distribution (RMD) age changed with the passing of the Secure Act in 2019. If you turned 70 ½ before 2020 then you may be subject to RMDs. For 2020 and beyond, the age at which individuals may be required to take RMDs from retirement accounts is 72.
Please note: The CARES Act waived RMDs for 2020.1220-0NJR