Required minimum distributions (RMDs), or the minimum amount you must withdraw from your pre-tax retirement accounts each year, are a key consideration for retirement planning. That said, the rules and ways you can, and should, leverage them have changed.
The old rule was you had to begin RMDs at 70½ years old. The SECURE Act updated the age for RMDs to 72. The SECURE 2.0 Act updated the age to 73. The raise in RMD age lets retirement assets build longer, but there are still many paths you can take with current RMDs and future RMD planning. It all depends on where you are in your financial journey.
