Secure Act of 2019

The House of Representatives passed this act in May 417-3. It has not been passed by the Senate yet. This act increases the mandatory age for required minimum distributions (RMD) for retirement accounts from age 70 and 1/2 to age 72. The down side to this act is that it requires non spouse beneficiaries of inherited retirement accounts to take distributions over a ten year period instead of over their life expectancy. This means that the account will not be allowed to grow tax free over a long period of time like it is now. I hope it doesn't go through in its present form.