SECURE 2.0 Act
In 2019, the SECURE Act introduced a number of changes to rules for retirement plans and IRAs. Now SECURE Act 2.0, which was included in the Consolidated Appropriations Act, 2023, has more than 90 provisions impacting retirement plans and IRAs. These changes include something for everyone … low- and modest-income individuals, wealthy people, small businesses, and others. It became law on Dec. 29, 2022, but many of the provisions do not come into effect until 2024 or even much later. The following is a year-by-year overview of key provisions that may affect you and your employees. Because some effective dates are expressed in terms of taxable years or plan years, for simplicity here it is assumed that taxpayers and qualified retirement plans are on a calendar year.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
