Secure Act Increases Age for Required Minimum Distributions from IRAs to 72 & Removes Age Limit for Contributions

Recent legislation, known as the Secure Act, raised the age for required minimum distributions to 72 beginning in 2020. It also removed the age limit for contributions to traditional IRAs beginning in 2020.

2019 Required Minimum Distributions

The Secure Act does not change the rules for 2019.  
You may need to take a required minimum distribution from your IRA or retirement plan account by the end of the year:

• If you’re at least age 70½ this year, or
• If you’ve inherited an IRA or retirement account.

Contributions are not allowed after age 70½. 

Required Minimum Distributions Beginning in 2020
You may need to take a required minimum distribution from your IRA or retirement plan account by the end of the year:

• If you reach age 72 during the year, or
• ​If you’ve inherited an IRA or retirement account.

There is no age limit for contributions, though income limitations still apply.