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Take Aways on the SECURE ACT 2.0 That Congress passed

Take Aways on the SECURE ACT 2.0 That Congress passed

As part of the budget bill at the end of 2022,  Congress passed the Secure Act 2.0. KEY TAKEAWAYS: The age to start taking RMDs increases to age 73 in 2023 and to 75 in 2033. The penalty for failing to take an RMD will decrease to 25% of the RMD amount, from 50%...