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 Required Minimum Distribution RMD Form 2023

2023-2025 Form

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hey folks kevin mullen with mullen associates here i want to give you a quick update um that uh regarding a specific topic that some people um are asking questions about that really should be clear-cut so let's kind of set the record straight um the cares act which was implemented in uh early 2020 allowed us to avoid taking what's called a required minimum distribution now uh colloquially we will will refer to it as an rmd now rmds for 2020 were actually suspended due to uh covid and so um and another area that some people uh aren't completely up to date on is the secure act that was passed just the year prior actually changed the rmd age so the rmd age was increased from 70 and a half to age 72. along with that they actually implemented some additional changes as well for after you pass away the kiddos or or other heirs that receive these accounts actually have to take that money out in a more accelerated fashion now so several changes there but my point is i want to make

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