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    RMD Reminder

    As discussed in our post on January 3, 2023, the SECURE 2.0 Act raised the age for determining the beginning date for required minimum distributions (RMDs) from age 72 to age 73.

    This change applies only to individuals who reach age 72 after December 31, 2022.

    As a result, clients who reach the age of 72 during the 2023 tax year do not have to begin RMDs until 2024.

    The information provided herein is provided with the understanding that the author and publisher are not engaged in rendering legal, accounting or other professional service. As such, M + O = CPE, Inc. and the author disclaim any responsibility or liability for the information supplied herein or the application of said information.