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Economy

Hokie

(4,321 posts)

4. The proposal also includes more adjustments to the age for RMD's

Reply to mahatmakanejeeves (Original post)

Thu Dec 22, 2022, 09:01 AM

Dec 2022

The age is 72 now since it was last raised in 2019. The proposed change would make the first year for required minimum distributions age 73 for anyone who turns 72 after 12/31/2023 and before 1/1/2030. The age would eventually go up to 75 down the road. That is in both the House and Senate versions so it will likely pass.

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Congress wants to overhaul retirement plans. Here's what might be coming. [View all] mahatmakanejeeves Dec 2022 OP

Yeah, let's privitize the retired's income. Nothing more stable than the stock market. marble falls Dec 2022 #1

I might be mistaken, but don't most 401(k) plans offer a variety of options? mahatmakanejeeves Dec 2022 #2

It's already pretty much privatized. But that employer contribution mandate Scrivener7 Dec 2022 #3

The proposal also includes more adjustments to the age for RMD's Hokie Dec 2022 #4

Just a few tweeks to Farmer-Rick Dec 2022 #5

Hey,, Congress! RAISE WAGES! Warpy Dec 2022 #6

And the Payroll Tax cap peppertree Dec 2022 #8

Critters should go out and study some actual old people and how they live and budget. bucolic_frolic Dec 2022 #7