Description

1. Required Minimum Distribution changes to age 73 and will move to age 75 in 2033.
2. The Required Minimum Distribution penalty of 50% decreased to 25% and possibly down to 10%.
3. Catch-Up contributions have increased and will increase even further for those 60-63 in 2024.
4. 529's that have remaining balances can now be rolled to a Roth IRA for the beneficiary.
5. There is still clarification on some things coming down the pike.