Bonnie Jensen briefs Edgewater trustees on new RMD age and rollover rules
Presenter Bonnie Jensen told Edgewater trustees the federal required minimum distribution age is now 73 (rising to 75 in 2033), explained trustee duties to locate retirees and make RMDs, and reviewed rollover eligibility and the IRS special tax notice trustees must provide.
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Bonnie Jensen, a presenter at the Edgewater meeting, told trustees that federal law now requires required minimum distributions (RMDs) at age 73 and that the RMD age is scheduled to rise to 75 in 2033. She said trustees should search annually for retirees approaching RMD age and ensure distributions are made or documented.
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