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Taking a Look at Secure 2.0 and what the Provisions Mean to Some Seniors
The Secure 2.0 package signed into law kast December has several key provisions intended to aid seniors in the management of their retirement finances. One of the basic features is a delay, for those turning 72 this year, of the need to start required minimum distributions (RMDs) from retirement accounts. This, of course, is beneficial for those able to put off the distributions, but not necessarily for those needing the withdrawals and who have likely been going so for some time. Other provisions of the Secure 2.0 package, increases in the catch-up for elective payments made into retirement plans, for example provide similar retirement financing capability for those able to take advantage of the new rules. Check out this post by financial adviser Vic Conrad on post-gazette.com for an analysis of the Secure 2.0 changes. (Click here to access it.)