Episode 202: The Secure Act 2.0

Now that Congress just passed the Secure Act 2.0, we wanted to talk about what changes to plan for. While in many ways it made things complicated, David breaks it down so you know how it could impact your financial plan. Some of these provisions start now while others won’t be implemented for years. Either way, it is good to understand what is happening and keep these changes in mind for the future.

 

Here are some changes you’ll want to know about:

• The required minimum distribution age changed. (4:10)
• The catch-up contribution limits increased. (7:15)
• Certain people must make catch-up contributions in a Roth 401(k). (8:42)
• The penalties around RMDs are changing. (11:53)
• What strategies should you consider before RMD age? (14:25)

For additional resources or to contact David, visit us online: http://coveryourassetskc.com