Retirement Account Changes
Recent legislation pushes back the age for required minimum distributions (RMDs) to 73, and eventually 75, giving individuals more flexibility in managing their retirement funds. Roth 401(k) accounts will also be exempt from RMDs starting in 2024, aligning them with Roth IRAs. This shift encourages the growth of retirement savings without the pressure of forced withdrawals, especially beneficial for those who may continue working or want to maximize their investment growth.In this clip
From this podcast
How to Money
The Massive Retirement Account Changes That Impact You! #617
Related Questions