SECURE ACT 2.0 - How Does It Impact Me?

10/03/2023 27 min Temporada 3 Episodio 9
SECURE ACT 2.0 - How Does It Impact Me?

Listen "SECURE ACT 2.0 - How Does It Impact Me?"

Episode Synopsis

Caroline and Tim discussed some highlights of SECURE ACT 2.0 and how it impacts us:1. The age changes of RMDs (Required Minimum Distributions).2. Allowing direct transfers from 529 plans to Roth IRAs under certain circumstances.3. Changes with 401(k)s.4. 401(k) catch-up contributions.5. New Roth SIMPLE/SEP IRAs for small businesses and self-employment.6. Employer's match for emergency savings.All these new rules have nuances/circumstances built around them; please consult an Advisor and see if they make sense for you.