The Internal Revenue Service will soon issue regulations on extending the age at which retirement plan beneficiaries must start taking distributions, a Treasury Department official said Wednesday.
“I’m pleased to say that we made a lot of progress” on regulations to implement a provision of the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, Harlan Weller, senior actuary with the Department of the Treasury, said at the American Bar Association’s Virtual 2022 Midyear Tax Meeting.
“I would expect that you’ll see proposed regulations under Section 401(a)(9) under SECURE Act very soon,” Weller said. The section requires an ...
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