On July 18, 2024, the IRS and Treasury Department published long-awaited regulations on required minimum distributions (RMDs) from qualified plans and IRAs. The regulation package contains final regulations and proposed regulations.
Impacted plans: 401(a), 401(k), 403(b), and 457 as well as traditional and Roth IRAs.
Effective date: Final regulation apply for purposes of determining RMDs for calendar years beginning on or after January 1. 2025. For prior calendar years, the previously issued final regulations apply and presume a reasonable, good faith interpretation of amendments issued under SECURE and SECURE 2.0.