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The Secure 2.0 Act has just begun to take effect. Here’s a look at what’s to come for retirees and retirement savers in 2024. Jacob Lund / Shutterstock.com
Perhaps the biggest change resulting from the Secure 2.0 Act of 2022 so far is the pushing back of required minimum distributions, or RMDs — which are essentially annual withdrawals that the government forces Americans to make from most types of retirement accounts so it can tax the income. The federal law changed the age at which RMDs must begin from 72 to 73 for some people and to 75 for others.
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