Reminder: SECURE Act Removes RMD Rules for Roth 401(k)s Starting in 2024

The SECURE Act eliminated one important difference between Roth IRAs and Roth 401(k)s for 2024 and beyond. Prior to the SECURE Act, taxpayers who invested in Roth 401(k)s were subject to the required minimum distribution rules in the same manner as investors in traditional 401(k)s. Once they reached their required beginning date (currently, age 73), they were required to take distributions even if they didn’t need the money. Beginning in 2024, the SECURE Act has eliminated the RMD rules as they applied to Roth 401(k)s (first-time RMDs that were due for 2023 must still be taken by April 1, 2024, as Roth 401(k) RMDs were still required for 2023). Like Roth IRA investors, Roth 401(k) investors now can allow their Roth funds to continue growing tax-free for as long as they choose. For more information on Roth 401(k)s, visit Tax Facts Online. : Q 3779. Note: Q is updated.