✉news BusinessPersonal Finance first seen 6 d ago, last 6 d ago, peak #19
Roth 401(k) at 73 Now Owes No Required Distribution
Original: A Roth 401(k) With $300,000 in It at 73 Owes No Required Distribution. Under the Old Rules, the Same Account Would Have
A Roth 401(k) holding $300,000 for a 73-year-old now requires no minimum distribution under current rules, a change from earlier requirements. Under the old rules, the same account would have owed a required distribution. The change stems from SECURE 2.0's elimination of RMDs for Roth 401(k) accounts starting in 2024, letting savings grow tax-free for longer.
Why now: Retirees are reassessing their retirement accounts after SECURE 2.0 removed required distributions from Roth 401(k)s.
Evidence
- A Roth 401(k) With $300,000 in It at 73 Owes No Required Distribution. Under the Old Rules, the Same Account Would Have · 24/7 Wall St.
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