Roth 401K Distributions
SECURE 2.0 eliminates the need for lifetime RMDs on plan Roth accounts. Does this provision also apply if the plan account holder owns 5% or more of the company sponsoring the plan?
SECURE 2.0 eliminates the need for lifetime RMDs on plan Roth accounts. Does this provision also apply if the plan account holder owns 5% or more of the company sponsoring the plan?
Permalink Submitted by Alan - IRA critic on Mon, 2023-03-27 18:29
Yes. The >5% rules only determined when RMDs had to begin for plans subject to RMDs, but starting in 2024 designated Roth accounts will not be subject to RMDs for any participants.