SECURE Act 2.0 Updates

Learn about the latest retirement planning updates and Secure Act 2.0 in this video.

The RMD age is being pushed back, and there are different types of retirement accounts such as tax-deferred, tax-free, and more. The new Roth Simple and Roth SEP accounts are discussed, as well as receiving a match from an employer. It is crucial to seek advice from a fiduciary advisor with a tax focus when making these decisions.

Investing in a Roth IRA offers tax-free benefits, especially for those with a longer investment horizon. New options for accessing retirement funds, such as the age 50 exception and qualified disaster recovery distributions, are available. Changes to the savers match and tax credit have also been made. Schedule a free consultation to discuss retirement readiness at https://keepitsimplefinancial.com/talk.