Caroline and Tim discussed some highlights of SECURE ACT 2.0 and how it impacts us:
1. The age changes of RMDs (Required Minimum Distributions).
2. Allowing direct transfers from 529 plans to Roth IRAs under certain circumstances.
3. Changes with 401(k)s.
4. 401(k) catch-up contributions.
5. New Roth SIMPLE/SEP IRAs for small businesses and self-employment.
6. Employer's match for emergency savings.
All these new rules have nuances/circumstances built around them; please consult an Advisor and see if they make sense for you.