The SECURE Act’s New RMD Requirements & Other Recent Developments Impacting IRAs

The SECURE Act became law on December 20, 2019. Impactful changes made under the SECURE Act include limiting the distribution options for beneficiaries. The IRS issued proposed regulations relating to required minimum distributions (proposed rule) on February 24, 2022, which interprets the SECURE Act.
This session will review how the SECURE Act changed the RMD rules for retirement account owners, including the new 10-Year rule and how it works for each category of beneficiary. Additionally, participants will learn about the impact of the new RMD tables on IRA owners and beneficiaries, among other things noteworthy developments affecting IRAs and employer plan accounts.

Learning Objectives:

1. Explain the new distribution options for beneficiaries, as provided under the SECURE Act
2. Identify which beneficiary must take annual RMDs during the 10-year period
3. Explain how RMDs are calculated for owners and beneficiaries