Can You Leave Money in an IRA Until Age 75? Understanding the New RMD Rules

Learn how recent changes allow you to keep money in your IRA until age 75 before taking required minimum distributions.

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Yes, you can leave money in an IRA until age 75. Previously, required minimum distributions (RMDs) started at age 72, but recent changes now permit RMDs to begin at age 75, allowing for more extended growth and tax deferral.

FAQs & Answers

  1. What is the new required minimum distribution age for IRAs? The new required minimum distribution (RMD) age has been increased to 75, allowing account holders to delay withdrawals until that age.
  2. Can I keep my money in an IRA after age 72 without taking distributions? Yes, under recent changes, you are allowed to keep your money in an IRA without required minimum distributions until age 75.
  3. What are the benefits of delaying RMDs until age 75? Delaying RMDs until age 75 allows your IRA investments to grow tax-deferred for a longer period, potentially increasing your retirement savings.

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