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URL:  https://boards.fool.com/i-was-hoping-that-they39d-raise-the-rmd-start-34339392.aspx

Subject:  Re: IRS new RMD tables Date:  11/10/2019  1:03 AM
Author:  BruceCM Number:  21467 of 21722

I was hoping that they'd raise the RMD start date from 70-1/2 to age 72 or 73.

the IRS cannot do that...only Congress can change the statute on when TIRA and retirement plan owners must begin RMDs. This change is currently approved from the House in the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, which will raise the RMD age from 70.5 to 72. My e-mail notices show there is quite a bit of interest in getting this bill through the Senate and up to the President for signature.

For those not yet 70.5 and not requiring some or all of their RMD to live on, this would effectively save them 1 to 2 years of RMDs and the tax due on them.

BruceM
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