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What to Know About SECURE Act 2.0
Manage episode 355539989 series 3432783
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As we begin a new year, let’s talk about the SECURE Act 2.0, which was signed into law in December. We’ll share some of the highlights, including new requirements for companies with new 401(k) and 403(b) plans.
Did you know that companies can automatically enroll their employees into these plans? We’ll explain this along with some other key changes to RMDs, retirement accounys, and other planning items.
On today’s show, here’s some of what you’ll learn:
- How the minimum distribution age changed. (5:58)
- What happens if you miss your minimum distribution? (7:35)
- Why there’s a drastic increase to catch-up contributions. (9:53)
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