Another round of retirement changes are on the way after President Biden passed SECURE Act 2.0 into law on December 23rd. While we’ve been anticipating this legislation for a while, we didn’t know exactly what we be in the final bill.
Retirees and pre-retirees need to spend some time with their advisor to discuss what this legislation means, how it might impact you, and what planning opportunities this could open up.
Here’s some of what we discuss in this episode:
The required minimum distribution age moved back again. (4:11)
The complications with taxes surrounding Inherited IRAs still remain. (11:41)
Significant changes to workplace plans (17:10)
An update on the New Jersey ANCHOR program (21:45)