Extra Extra!!! RMD rules just clarified. (AGAIN)

On July 18, 2024, the IRS issued final regulations for required minimum distributions (RMDs) under the 2020 SECURE Act, refining rules for trust beneficiaries and eliminating some burdensome requirements for spouse and certain IRA beneficiaries. Despite adjustments, the regulations maintain a controversial provision requiring some beneficiaries to take annual RMDs during the 10-year payout period mandated by the SECURE Act. This stems from the "at least as rapidly rule," which necessitates continuing RMDs once started. Although there was confusion and the IRS waived RMDs for 2021-2024, the final regulations confirm that annual RMDs must resume in 2025, without penalties for missed RMDs before then.