January 1, 2033effective dateTax PolicyFinancial SecurityRetirementTax Policy
Congress raises the required minimum distribution age to 75 for workers born in 1960 or later
For individuals born in 1960 or later, the Required Minimum Distribution age increases from 73 to 75. The change is the final step in a decade-long phased increase — from 70½ to 72 to 73 to 75 — in the age at which retirees must begin withdrawing from tax-advantaged accounts. Affected individuals get an additional two years of tax-deferred growth before mandatory withdrawals begin.