The Consolidated Appropriations Act of 2023 (HR 2617), referred to as The Secure Act 2.0, was signed into law in late 2022, and includes important provisions affecting retirement savings plans which are intended to build upon the 2019 SECURE Act. In this episode Melissa Joy, CFP, ® and Melissa Fradenburg, AIF, ® break down many of the parts of this bill as it related to changes in retirement savings and your financial plan. What you should do to prepare for tax, contribution limit, RMD and education savings changes as a result of this bill.
- Learn more about Pearl Planning.
- Read SECURE Act 2.0: Later RMDs, 529-to-Roth Rollovers, And Other Tax Planning Opportunities, Jeffrey Levine, CPA/PFS, CFP, AIF, CWS, MSA
- Link to the Consolidated Appropriations Act of 2023 (HR 2617)
- Sign up for our 2023 Winter Economic Update and Investment Outlook or our Retirement Readiness Webinar.
Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.