On December 29, 2022, President Biden signed the Consolidated Appropriations Act of 2023 into law, which included the SECURE 2.0 Act of 2022. Under the SECURE 2.0 Act, beginning January 1, 2023, the age in which seniors and retirees need to withdraw their Required Minimum Distribution (RMD) has increased from age 72 to age 73. If you would like to make changes to your current RMD, you can contact the CEFCU IRA Department.