SECURE Act 2.0: What You Need to Know

SECURE Act 2.0: What You Need to Know

Here is an update on some significant changes designed to help Americans save more for retirement. You may have heard of the SECURE Act 2.0, which Congress passed as part of a larger federal spending bill last week.1 This legislation builds upon the 2019 Setting Every Community Up for Retirement Enhancement Act and includes several provisions that may be beneficial to savers and investors. Here are some of the key points to be aware of: While the SECURE Act 2.0 may not solve the broader issue of inadequate retirement savings for all Americans, it’s still a significant development that could benefit savvy savers and investors. We’re here to help you understand how these changes may impact your financial strategy, so don’t hesitate to reach out to us if you have any questions or want to discuss these updates further. 1 Forbes.com, Jan 3, 2023

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