Final SECURE Act RMD Regs Released

by Prof. Robert Bloink and Prof. William H. Byrnes

On July 19, the IRS released final regulations on post-SECURE Act required minimum distribution (RMD) rules. These final rules will have a significant impact, both for taxpayers who inherit retirement accounts and those who own them. While the final regulations track proposed regulations released in 2022 closely, they do contain important changes and clarifications. Some of the provisions limit taxpayer options while others offer added flexibility. Most of the regulations apply to both IRAs and company-sponsored retirement plans. While many provisions don’t become effective until 2025, clients should start planning now—both to ensure compliance with less taxpayer-friendly provisions and to take advantage of new flexibility.

RMDs and Inherited Retirement Accounts