SECURE 2.0: Rethinking Retirement Savings

From RMDs to student debt, the new law has something for everyone.

Signed into law on December 29, 2022, the Consolidated Appropriations Act, 2023, included the final SECURE 2.0 Act. This version of SECURE 2.0 is the result of the bipartisan efforts of both the House and the Senate to combine provisions each chamber separately proposed over this past year. The following is only intended to provide a brief summary of selected qualified retirement plan provisions included in SECURE 2.0. It is also important to note that additional guidance and clarification from the regulatory agencies is needed for many of the SECURE Act 2.0 provisions.