Groom principal Elizabeth Thomas Dold was quoted in the Tax Notes article, “Coming Minimum Distribution Regs Will Have Delayed Start,” where she covered Internal Revenue Service (“IRS”) Announcement 2025-2, which outlined plans to delay the applicability date for new required minimum distribution (“RMD”) rules.
“A big thank you to the IRS is in order for this holiday treat,” said Dold.
She added, “Although the relief is not a blanket one-year extension for all the proposed 2024 RMD regulations, this extension is welcomed relief for plan sponsors, recordkeepers, and IRA providers that are tasked with implementing these new rules.”
According to the platform, Dold said that “she thinks ‘there will be no complaints’ with applying this standard before the rules are finalized.”
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