Investors may soon be able to preserve their retirement war chest for longer.

The Securing a Strong Retirement Act, a bill originally pushed in 2021 but which may finally pass this year, would push the starting point for required minimum distributions (RMDs) to 74 and 75 years of age. That means retirees could stave off being required to tap into their tax-deferred retirement accounts like 401(k)s and preserve their nest eggs for more years.

This is on top of the news from earlier this month that the IRS is adjusting its actuarial tables on RMDs for the first time in 20 years. In response to longer projected life spans, that means retirees can take out less money at 72, under the current RMD starting age. The recent lowering of RMDs and the proposed delay of the RMD starting age are part of a trend to account for longer retirement periods and help retirees preserve their coffers throughout their golden years.

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