How the SECURE 2.0 Act Changes Your RMDs in 2026

Lucas and Luna break down the SECURE 2.0 Act's new RMD rules taking effect in 2026. The episode focuses on the increase in the required beginning age from 73 to 75, the 10-year rule for inherited IRAs, and the penalty reduction for missed RMDs from 50% to 25%. They use the example of a 73-year-old retiree named Karen who inherited an IRA from her brother in 2024 to illustrate the new 10-year payout requirement. Lucas explains how the penalty waiver form, Form 5329, can further reduce the penalty to 10% if caught early. The hosts discuss practical steps for retirees to adjust their withdrawal strategies and avoid costly mistakes. #SECURE2.0 #RMD #RequiredMinimumDistribution #IRA #RetirementPlanning #InheritedIRA #Form5329 #PenaltyReduction #Retirees #2026 #TaxPlanning #FexingoBusiness #BusinessPodcast #Finance #Retirement #LucasAndLuna #WealthManagement #IRS Keep every episode free: buymeacoffee.com/fexingo