January 03, 2023

Even More SECURE...

31 minutes

In the waning days of 2022, President Biden signed into law legislation that had moved through the House and the Senate on a strong bipartisan basis that greatly expands retirement savings opportunities for working Americans.

In this episode Nevin (Adams) & Fred (Reish) unpack some of the major provisions, and their implications for retirement.

Episode Resources

SECURE 2.0 Resource Page

As a top priority of the American Retirement Association, the SECURE 2.0 Act of 2022 was signed into law by President Biden on Dec. 29, 2022. The legislation, which was included in Division T of the Consolidated Appropriations Act, 2023 (H.R. 2617), builds on the foundation laid by the 2019 Setting Every Community Up for Retirement Enhancement (SECURE) Act to further improve upon the success of the private employer-based retirement system by making it easier for businesses to offer retirement plans and for individuals to save for retirement. https://www.napa-net.org/secure-20

The 10 Highest Impact Provisions of the SECURE 2.0 Act

There are 92 provisions in the new SECURE 2.0 Act—and by at least one assessment, they are “almost universally good, with ‘good’ being defined as ‘helpful to the cause of promoting retirement security.’” Group Plan Systems’ Pete Swisher and Cherisha Chapman rank the Top 10 Impact Provisions—and Top 5 new burdens. https://www.napa-net.org/news-info/daily-news/10-highest-impact-provisions-secure-20-act

It’s Official: SECURE 2.0 Enacted into Law

Capping off months of anticipation and hard work, the SECURE 2.0 Act of 2022 is now law, thanks to President Biden signing the legislation Dec. 29 after it was flown down to him while on vacation in St. Croix, U.S. Virgin Islands. https://www.napa-net.org/news-info/daily-news/it%E2%80%99s-official-secure-20-enacted-law

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