Video Tips: 2023 RMD Age Updates

As part of the SECURE 2.0 Act the age to start taking required minimum distributions from traditional individual retirement plans and 401(k)s rises to 73 for 2023 and to 75 a decade later, giving accounts more time to grow in value. Penalties for not taking RMDs are substantially reduced.

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PruVise, Inc. is a registered investment advisory firm in the state of California