The Secure Act has passed

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3. Age required to take RMD's from IRA's has changed as a result of the SECURE Act.

One of the many changes to retirement plans brought about by the SECURE Act being signed into law by President Trump on Dec. 20 after sailing through Congress as part of the larger government spending bill is to required minimum distributions (RMDs).

Acknowledging that Americans are living and working longer, the SECURE Act increases the RMD age from 70½ to 72, applicable to distributions made after Dec. 31, 2019, for individuals who reach 70½ from Jan. 1, 2020 on.

Americans will also have the option to keep contributing to individual retirement accounts after the age of 70½ (which was previously not allowed), as long as there is earned income to contribute in the first place. The 70½ rule began in the 1960s when life expectancy was shorter.

Prior to the SECURE Act, participants in qualified retirement plans generally were required to begin receiving certain minimum distributions by April 1 of the calendar year following the year in which the participant attains age 70½ or terminates employment, whichever comes later.

https://401kspecialistmag.com/rmd-age-jumps-to-72-in-2020-after-secure-act/