Secure Act Important Update for IRA Owners
Setting Every Community Up for Retirement Enhancement Act 2022 (SECURE Act 2.0)
The SECURE Act 2.0, signed into law on December 29, 2022, included a package of changes to the laws governing retirement plans and Individual Retirement Accounts (IRAs). This document highlights changes that affect Required Minimum Distributions (RMDs).
Please note that the IRA Disclosure Statement and endorsements included with your annuity contract do not yet reflect the changes in the law. We will notify you regarding the updated documents after they are amended to reflect the new rules
Important RMDs changes for IRA owners
Please speak with your tax and/or legal professional regarding questions you have regarding these rules and your particular situation.