MINIMUM DISTRIBUTIONS – DURING LIFETIME (1 of 2)
01.Core Concepts
• General Rule: the first minimum dist ribution must begin by April 1 of the year following the year in which the participant attains the age of 73. Mandatory Distribution Age Years of Birth 70 ½ Before July 1, 1949 72 July 1, 1949 – December 31, 1950 73 1951 – 1958 73* 1959 75 1960 or later * SECURE 2.0 Act of 2022 amended the RMD age to 73 for those that reach age 72 after December 31, 2022, and age 75 for those who attain age 74 after December 31, 2032. Those born in 1959 fall into both the age 73 and age 75 categories. Under proposed regulations (REG-103529-23) issued in 2024, the mandatory distribution age for those born in 1959 w ill be age 73.