SECURE Act 2.0: What You Need to Know

Overview

Signed by President Biden on December 29, 2022, as part of the Consolidation Appropriations Act, this program provides an explanation of the Secure Act 2.0 provisions impacting individuals and business taxpayers.  Learn what you need to know for this filing season and how to plan for future years for your clients.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Prerequisites

Basic working knowledge of tax issues as they related to employee and retirement benefits

Objectives

• Implement practical strategies based on the Secure Act 2.0 provisions
• Identify and recall key compliance issues
• Identify and recall significant changes in retirement provisions

Highlights

• Expanding Automatic Enrollment in Retirement Plans
• Increased Age for RMDs
• Higher Catch-up Contribution Limit
• Emergency Expense Penalty-Free Withdrawals
• “Starter” 401(k)s for Certain Employers
• Part-time Worker Improved Coverage