Ep 85: Four Ways The SECURE Act 2.0 Might Impact You

After being discussed in Congress for nearly a year and a half, the SECURE Act 2.0 passed in January. Listen to today’s episode to see what you need to know and learn four ways the new changes might impact you.

All the changes that came down in this new bill likely won’t affect your retirement but you want to be aware of everything because there could be some planning opportunities to hop on this year. This show will identify four that most people we work with will want to know about and we’ll tell you why they’re important.

Here’s some of what you’ll learn in this episode:

• The RMD age has moved back once again from 72 to 75. What does this mean for your plan? (3:01)
• The new catch-up contribution provisions will allow you to save more before retirement.  (5:42)
• You’ll now have the opportunity to move money from a 529 plan to a Roth IRA and take advantage of the tax benefits. (7:50)
• You student loan payments could qualify you for a 401k company match. (10:08)
• The other provisions Wade is paying close attention to. (13:00)

 

Get in touch with Chessman Wealth: https://www.chessmanwealth.com/