1The SECURE 2.0 Act of 2022 changes the RMD age to 73 for individuals who turn age 72 on or after January 1, 2023. The new law also provides that the RMD age will change again to 75 in 2033.
2Learn more about Roth IRAs. In order to contribute to a Roth IRA in 2023, single filers must have a MAGI under $153,000 and married couples filing jointly must have a MAGI under $228,000. In order to contribute to a Roth IRA in 2024, single filers must have a MAGI under $161,000 and married couples filing jointly must have a MAGI under $240,000.
3Withdrawal Strategies Report (PDF).
Important Information
The views contained herein are those of the authors as of February 2024 and are subject to change without notice; these views may differ from those of other T.RowePrice associates.
This material is provided for informational purposes only and is not intended to be investment advice or a recommendation to take any particular investment action.
This information is not intended to reflect a current or past recommendation concerning investments, investment strategies, or account types, advice of any kind, or a solicitation of an offer to buy or sell any securities or investment services. The opinions and commentary provided do not take into account the investment objectives or financial situation of any particular investor or class of investor. Please consider your own circ*mstances before making an investment decision.
Information contained herein is based upon sources we consider to be reliable; we do not, however, guarantee its accuracy.
An IRA should be considered a long-term investment. IRAs generally have expenses and account fees, which may impact the value of the account. Nonqualified withdrawals may be subject to taxes and penalties. Maximum contributions are subject to eligibility requirements. For more detailed information about taxes, consult IRS Publication 590 or a tax professional regarding personal circ*mstances.
All investments are subject to market risk, including the possible loss of principal. All charts and tables are shown for illustrative purposes only.
View investment professional background on FINRA's BrokerCheck.
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