Ep 166: SECURE Act 2.0 - RMD & Roth Changes (Part 1)

Another round of retirement changes are on the way after President Biden signed a spending bill in December 2022 that included the SECURE Act 2.0. Retirees and pre-retirees need to understand what this legislation means, how it might impact you, and what planning opportunities this could open up.

 

Here’s some of what you’ll learn on this episode:

• RMD age extended to age 73 for some and 75 for others. (1:05)
• The RMD penalty has been reduced. (3:35)
• There are no longer RMDs for any Roth account (5:09)
• Catch-up contributions to company plans will have to do into the Roth for high-income earners. (11:22)
• The ability to move money from a 529 plan to a Roth…with restrictions. (13:31)

 

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