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That changed in 2024, and Roth 401(k) are no longer subject to RMDs. ... Second, the limit is per individual, so if you and your spouse are facing big required minimum distributions from your IRAs ...
Required minimum distributions no longer apply to Roth 401(k)s. ... The new rule is part of the Secure 2.0 Act from 2022, but it didn't go into effect until 2024. It effectively puts Roth 401(k ...
For example, if you're turning 73 this year and you have a retirement account with a balance of $100,000 at the end of 2023, you'd divide $100,000 by the 26.5 distribution period for 73-year-olds ...
Required minimum distributions no longer apply to Roth 401(k)s. ... Note, this rule only applies to IRAs; defined contribution plans like a 401(k) don't get the same treatment. For 2024, you can ...
That means that if you turned 73 in 2024, your first RMD is due by April 1, 2025. ... types of defined contribution plans, such as 401(k) and 457(b) plans, must be taken separately from each of ...
The Secure 2.0 Act increased the required minimum distribution age from 72 to 73 starting in 2023. Starting in 2033, the RMD age jumps to 75. But this creates a problem for anyone born in 1959.
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