One of the wealth management topics is retirement planning. The SECURE Act 2.0 is creating many options to help with retirement planning. Some options will not take effect for a year or more. Here are some highlights:
Required minimum distribution age (RMD)
As of 2023, the RMD age is 73, allowing you to defer distributions and grow your investments.
SIMPLE Roth IRA and SEP Roth IRA
Qualified Plan Employer Contributions
Business Matching Tax Credit
Student Loan Match to 401k
Catch-up Provision
Employer match for those making $145,000 or more
Part-time Employee Participation in 401k Plans
Emergency Withdrawal Provision for 401k Plans
401k Auto-enrollment
Linked Emergency Savings Account