The SECURE Act 2.0 has raised the age at which individuals must begin taking required minimum distributions (RMDs) from their retirement account to 73, beginning in January 2023.

• The RMD age has increased to 73 for people who turn age 72 after 2022 and age 73 before 2033.
• For people who turn age 74 after 2032, the RMD age now is 75.

Prior to the SECURE Act 1.0, the RMD age was 70 1⁄2. The SECURE 1.0 Act in 2019 increased the RMD age to 72 (for people born on or after July 1, 1949).

Read the UFT's FAQ on RMDs.