Secure 2.0 Holds Lots of Benefits for Clients
March 21, 2023
The devil isn’t in the details of the SECURE 2.0 Act, but the details could bedevil savers who want to use the new advantages in their retirement strategies.
An added allowance for catch-up contributions, flexibility in Roth conversions, changes in Required Minimum Distribution rules, expanded penalty-free access to take early distributions from workplace retirement savings plans, new options for overfunded 529 education plans, and minor changes to qualified charitable distributions are some of the changes made by the SECURE Act 2.0
Don't be confused by the complexities of all these changes - check out the details in this article.