Friday, January 22, 2021

Rep. Neal wants to raise RMD age to 75

Rep. Neal wants to raise RMD age to 75

Rep. Richard Neal, D-Mass., chairman of the House Ways and Means Committee, said he will reintroduce the Securing a Strong Retirement Act of 2020, a bill that, among other things, would raise the age at which people must take required minimum distributions from 72 to 75. Neal said he also has other retirement-related priorities, including strengthening Social Security and implementing automatic enrollment in IRAs and 401(k) plans.

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