In December 2022, Congress passed an update to the SECURE Act (originally signed into law in 2019) which included some items that could impact your retirement strategy. Many of these changes enhance benefits of the qualified retirement plans including changes to required minimum distribution dates and catch up contribution amounts. See the link below to review a few more of the provisions incorporated into Secure Act 2.0.
We’re reviewing these items for our clients to ensure they’re maximizing their retirement savings, and feel free to reach out to us with questions on how the new rules will impact you.
Matt and Andrew