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1. Required minimum distributions no longer apply to Roth 401(k)s. If you decided to save in a Roth 401(k) instead of your employer's tax-deferred 401(k) option, you can breathe easy. You don't ...
3. Workplace retirement plans have an RMD exception. If you have a retirement plan at work, such as a 401(k) or 403(b), there’s an important RMD exception.
Other defined contribution options like 403(b) plans and 457(b) plans. Historically, Roth 401(k) plans have been subject to RMDs rules, but that changed when Congress approved the Secure Act 2.0 ...
Required minimum distributions (RMDs) are minimum amounts that U.S. tax law requires one to withdraw annually from traditional IRAs and employer-sponsored retirement plans and pay income tax on that withdrawal. In the Internal Revenue Code itself, the precise term is "minimum required distribution". [1]
Required minimum distributions begin at 73, but you can choose to delay your first distribution Under the SECURE Act 2.0, the new required minimum distribution age is 73. This went into effect for ...
So as long as that money comes out of your IRA or 401(k) plan by December 31, you're all set. But your first RMD is due April 1 of the year after you turn 73, assuming you were born before 1960.
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