Good News: The age at which the owner of the IRA or 401k must begin to take his or her required minimum distributions (RMD) has been increased from 70 1/2 to 72. However, if you reached 70 1/2 in 2019 or earlier you must continue to take your RMDs in 2020 and subsequent years. Beginning in 2020, IRA owners may now continue to contribute to a traditional IRA after reaching age 70 1/2 if they have earned income. A retirement account owner may now take up to $5,000 from the account to cover birth/adoption expenses without early withdrawal penalties. BAD NEWS: In most instances, at