For those of you in the 70-1/2 age and more bracket, you may be interested in this possible change in retirement law. This is an excerpt from the Presidents recent Executive Order. The possible result is a delay of the initial required minimum distribution and/or a decrease in the annual amount to be withdrawn.
(d) Updating Life Expectancy and Distribution Period Tables for Purposes of Required Minimum Distribution Rules. Within 180 days of the date of this order, the Secretary of the Treasury shall, consistent with applicable law and the policy set forth in section 1 of this order, examine the life expectancy and distribution period tables in the regulations on required minimum distributions from retirement plans (67 Fed. Reg. 18988) and determine whether they should be updated to reflect current mortality data and whether such updates should be made annually or on another periodic basis.