At what age must most IRA and 401(k) account holders begin taking Required Minimum Distributions (RMDs), following the SECURE 2.0 Act of 2022?

The SECURE 2.0 Act, signed in December 2022, pushed the RMD starting age from 72 to 73 for anyone who turns 72 after December 31, 2022. The law further pushes the age to 75 for those who turn 74 after December 31, 2032. RMD amounts are calculated by dividing the prior year-end account balance by a life expectancy factor from IRS tables. Roth IRAs are not subject to RMDs during the original owner's lifetime, which is a major advantage for tax-free growth and estate planning.