The SECURE 2.0 Act is now law. The legislation provides a slate of changes that could help strengthen the retirement system—and Americans’ financial readiness for retirement. The law builds on earlier legislation that increased the age at which retirees must take required minimum distributions (RMDs) and allowed workplace saving plans to offer annuities, capping …
RMD
Secure Act 2.0
In a further attempt to expand and promote retirement savings, Congress passed SECURE Act 2.0 as part of an overall spending bill, the 2023 Consolidations and Appropriations Act. President Biden signed the bill into law on December 29, 2022. OVERVIEW The SECURE Act 2.0 is a follow-up bill to the original SECURE Act passed in …
The Secure Act
The SECURE Act was officially signed into law on 12/20/19. It was passed by the house in the summertime, and what I heard last was that it *wasn’t* going to pass the senate, but lo and behold, it did. Like its name implies, it is supposed to make big changes to retirement accounts, and then …