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Consolidated Appropriations Act of 2023: New law brings retirement plan changes
13 days ago - By Healio
The Consolidated Appropriations Act of 2023, enacted on Dec. 29, 2022, includes the Secure 2.0 Act of 2022, which contains many provisions designed to expand retirement coverage, increase retirement savings and clarify retirement rules.
These provisions affect orthopedic surgeons and should be considered in planning for retirement.
Of significant interest is the increased age for required minimum distributions. Prior changes raised the age from 70.5 years to 72 years. The new law increases the age for RMDs beginning at age 73 years for those born from 1951 to 1959 and to age 75 years for
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