Update - It looks like the Secure Act 2.0 will be included in the new spending bill that is expected to be passed in Congress before Christmas. However, it doesn't appear as though the RMD requirement will affect those who turned 72 in 2022. Here is what I recently read about the bill:
"As currently written, the Securing a Strong Retirement Act of 2022 establishes a sliding scale for RMDs. Instead of 72 serving as the default age when minimum distributions start, RMDs would begin according to the following schedule:
Age 73 for people who turn 72 after Dec. 31, 2022, and 73 before Jan. 1, 2030
Age 74 for people who turn 73 after Dec. 31, 2029, and 74 before Jan. 1, 2033
Age 75 for people who turn 74 after Dec. 31, 2032"
So, it appears that, if you turned 72 in 2022, the new rules will not affect you, and you need to take your first RMD in 2022, or by March 31, 2023. But, if you delay it into 2023, you will then need to take a second RMD in the same year, which could raise your tax rate. Hopefully, there will be more news this week to clarify the new RMD rules.
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