The SECURE Act 2.0 implements several changes that affect many different areas of financial planning.
- Understanding and prioritizing the chronological order of new changes.
- Explaining changes made to retirement planning, including RMDs, employer contributions, catch-up contributions, and much more.
- Highlighting the several new ways of accessing retirement funds without incurring a penalty.
- Introducing entirely new planning points to consider, such as the 529-to-Roth transfer, the new Emergency Savings Account, and the retroactive establishment of solo 401(k) plans.