What’s in the new legislation?
You may have heard that new legislation, the Consolidated Appropriations Act of 2023, passed which included the retirement bill, SECURE 2.0 Act of 2022 (SECURE 2.0).
What’s in it? There are big changes coming for retirement savings that will have significant impacts for certain individuals, which makes knowing the details that much more important.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act passed in December 2019, bringing significant changes to retirement planning. Now nearly three years later, Congress passed the Consolidated Appropriations Act of 2023, which includes a successor retirement bill, SECURE 2.0 Act of 2022 (SECURE 2.0).
View our highlights below. We have also included some templated language you can use to share this important information with clients.