SECURE Act 2.0, which was signed into law by President Biden on December 29, 2022, contains many provisions that can significantly impact investors and retirees. This retirement plan legislation represents an expanded version of theSECURE Act of 2019. (SettingEveryCommunityUpforRetirementEnhancement.)
Have you heard? The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 has gotten an update! If you missed it, we can’t blame you. President Biden signed it into law on Dec. 29, 2022, and you might’ve been busy cleaning up your holiday décor, getting ready to wrap up work for the year … or waiting for your flight.
The Consolidated Appropriations, or SECURE 2.0 Act of 2023 provides some changes in the functions of ROTH accounts, 401K plans, and mandatory distributions from your retirement accounts. In this week’s episode of Grow Money Business, Grant discusses the highlights investors need to know about, as well as some of the planning opportunities that come with the new act.
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