Treasury, IRS issue updated guidance on required minimum distributions from IRAs and other retirement plansIRS issues guidance on required minimum distributions retirement plans

The Treasury and the IRS issued final regulations updating the required minimum distribution (RMD) rules. The final regulations reflect changes made by the SECURE Act and the SECURE 2.0 Act impacting retirement plan participants, IRA owners and their beneficiaries.

At the same time, Treasury and IRS issued proposed regulations, addressing additional RMD issues under the SECURE 2.0 Act.