Equipping Points:
Congress passed the SECURE Act 2.0 at the end of 2022, and you might have missed it because it was part of a larger bill.
Now that the bill is law and many of the provisions have already taken effect, we want to talk through what changes that might mean for your financial plan. From RMD age to 529 plans, there’s something for everyone to be on the lookout for.
Be sure to review these changes with your financial advisor to see what opportunities might be available for you now or in the upcoming years.
Here are some of the changes passed in the SECURE Act 2.0:
- The RMD age got changed again. [1:20]
- The penalty was reduced, but it is still there. [4:41]
- Qualified charitable distributions may help. [5:20]
- The 529 can convert to a Roth IRA, with rules. [7:24]
- What does Eric think is less definitive in the SECURE Act? [9:05]
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
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