2 Big Changes to RMDs That Will Affect Retirees in 2023
The $1.7 trillion spending bill approved by Congress last week includes key provisions for retirement savers. The retirement-related laws are collectively dubbed the Secure 2.0 Act. Many of the changes -- like mandatory automatic enrollment in new 401(k) plans and expanded catch-up contributions for people ages 60 to 63 -- are meant to help workers build their nest eggs.
But the bill also includes two important changes to required minimum distributions (RMDs) for retirement-age individuals that will take effect in 2023. Here are the two big changes seniors need to know about.
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Source Fool.com
