Industry News
SECURE 2.0 Adds New Penalty-Free Distribution Option for Certain Emergency Expenses
This article is part of a multi-part series that describes the penalty-free distribution options created by SECURE 2.0 Distributions taken from qualified plans and IRAs before age 59½ are often...
SECURE 2.0 Provides New Ways to Take Penalty-Free Distributions
The SECURE 2.0 Act provides more ways for individuals to access their retirement savings and creates new exceptions to the 10 percent early distribution penalty tax. Normally, IRA owners and...
Proposed Regulations Govern Making Participant Elections and Spousal Consents Electronically
The coronavirus pandemic resulted in restrictions on where and how people could meet. These limitations—including remote work requirements—made it harder for some participants to take distributions...
Don’t Overlook These Benefits for Your Small Business Plan
Below are three of the most popular small business retirement plan options and a breakdown of how both the SECURE Act of 2019 (SECURE 1.0) and the SECURE 2.0 Act of 2022 (SECURE 2.0) provisions...
SECURE 2.0 Act Increases RMD Age
SECURE 2.0 increases the RMD age from age 72 to age 73 in 2023, and then to age 75 in 2033* (or the year of retirement, if later, for certain plan participants who are not 5 percent owners)....
President Signs Appropriations Bill, Containing the SECURE 2.0 Act of 2022, Into Law
Yesterday, President Biden signed the Consolidated Appropriations Act of 2023 into law, which included the SECURE 2.0 Act of 2022. As previously announced, both the Senate and the House approved the...
