Here’s how changes to required minimum withdrawals may affect your retirement account

Here’s how changes to required minimum withdrawals may affect your retirement account

For older Americans, required minimum distributions from retirement accounts are undergoing a bit of a makeover.
On top of the age rising to 72 from 70½ for when those annual withdrawals must begin — effective this year, due to congressional approval of the Secure Act — updated life expectancy tables proposed by the IRS for 2021 would change how you calculate those RMDs.
“The age change is a small…

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