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Expertly crafted guides to inform and advise on the latest news and topics. 

BOGART WEALTH GUIDE TO
SECURE ACT 2.0

If you were focused on family over the holidays, you may have missed a significant piece of legislation: SECURE 2.0. The new law makes significant changes intended to affect how Americans save for retirement. The changes are broad and different sections are designed to help different groups of people.

But, first, some context.

At the close of 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act as part of year-end appropriations. The law Congress passed at the end of 2022 is the 2.0 version.

The original legislation changed several key elements of financial planning, particularly for business owners and anyone approaching retirement. Notably, it was the original SECURE Act that raised the age for required minimum distributions (RMDs) from pre-tax retirement plans to 72. The act also loosened some of the rules around ongoing contributions to an IRA and added rules around how beneficiaries handle any inherited retirement accounts.

Learn more about the original SECURE Act.

The second SECURE Act, which Congress passed at the end of 2022, takes some of these changes even further. To provide the most helpful context and advice, we’ll break SECURE 2.0 down by topic:

  • Changes to required minimum distribution
  • Catch-up contributions
  • Updates to saving for college and 529s
  • New employer benefits, including student loan repayment, Roth contributions, and new incentives to save
  • New incentives to give

For each topic, we’ll dive into that area of financial planning so you can understand why these changes matter.

Read the full report by completing the form below.

In addition, click here to watch an educational webinar on SECURE Act 2.0, covering retirement planning opportunities and challenges.

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