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Roth 401(k) plans and Roth 403(b) plans are no longer subject to RMD rules. Designated Roth accounts in 401(k) and 403(b) plans were subject to RMD rules in 2023, but that changed in 2024 due to ...
You don't have to take an RMD from Roth accounts in your 401(k) anymore. The new rule is part of the Secure 2.0 Act from 2022, but it didn't go into effect until 2024.
The Secure 2.0 Act increased the RMD age from 72 to 73 starting in 2023 and then upped it again to 75 in 2033. However, this created an interesting problem for anyone born in 1959.
You take your account balance at the end of the previous year -- 2023 for your 2024 RMD -- and divide it by the distribution period next to your age in the Uniform Lifetime Table. For example, if ...
Roth 401(k) RMD Relief. Another notable change for 2024 is that Roth 401(k)s will no longer be subject to RMDs. Previously, account holders had to roll their Roth 401(k) into a Roth IRA to avoid ...
To calculate your RMD for a given tax year, simply take your account balance as of the end of the previous year -- so, for example, 2023 for the 2024 tax year -- and divide it by the distribution ...