Last November, the IRS published final regulations that contained revised life expectancy tables, which are to be used to calculate distributions taken on or after January 1, 2022.
What are the new RMD rules for 2022?
The starting age for Required Minimum Distributions (RMD) is now 72, not 70 ½. Since you just turned 70 ½, your 72nd birthday falls in 2022 so you will not be subject to RMD until next year.
Did the secure act change the RMD table?
The Secure Act made major changes to the RMD rules. If you reached the age of 70½ in 2019 the prior rule applies, and you must take your first RMD by April 1, 2020. If you reach age 70 ½ in 2020 or later you must take your first RMD by April 1 of the year after you reach 72.
