The SECURE Act 2.0 - Planning Opportunities for Individuals

Overview

The Secure Act 2.0 was passed in a flurry of year-end legislation. This one hour program will cover the important changes that individuals need to know about contributions to accounts and new ways of accessing these funds.  This course will provide a concise look at these hot topics.  

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Objectives

• Understand the newest tax developments contained in in the Secure Act 2.0.
• Learn about the expanded contribution and catch-up limits for individuals.
• Obtain understanding on when certain withdrawals will be penalty free.
• Understand the newest developments on required minimum distribution dates.

Highlights

• Implications for individuals:
  • Changes to the Saver’s Credit
  • Changing the required minimum distribution rules for Roth 401(k)s
  • Changes to required beginning dates for required minimum distributions of retirement plans.
  • Penalty-Free Withdrawals for Certain Emergency Expenses
  • Special provisions for firefighters and military personnel spouses
  • Increases in catch-up contributions
  • Impact on 529 plans
  • Opportunities for student loan payment matching