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PSCA Executive Reports

November 26, 2019

Required Minimum Distribution (“RMD”) Proposed Changes

The Department of the Treasury has issued a proposed rule to change the RMD rules in light of increasing life expectancy. The rule would decrease the amount of money a retiree would have to withdraw from a tax-preferred account annually, in order to allow the retiree to keep more money in a tax-preferred account longer. Comments are due by January 7, 2020.

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