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Required Minimum Distribution Age Now Pushed to 75

For retirees hoping to further postpone year when they must begin taking retirement plan benefits, Division T of SECURE 2.0 Act of 2022 delivered a holiday gift – one of several delivered by a bipartisan group of legislators in the Consolidated Appropriations Act of 2023. ....

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New law provides enhanced tools for retirement

The much-anticipated SECURE Act 2.0 became law late last month, giving Arizonans and all Americans new and enhanced retirement savings tools. ....

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Correcting Retirement Plan Errors under SECURE 2.0

SECURE 2.0 was signed into law on December 29, 2022 making it important for plan sponsors and plan administrators to familiarize themselves with the new rules. The changes include correction of retirement plan overpayments and Expansion of EPCRS Self-Correction Program. ....

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SECURE 2.0 Omnibus Bill Goes into Effect 2023

President Biden signed Consolidated Appropriations Act, 2023, massive omnibus spending bill will keep the government funded through end of its September 30 2023 fiscal year. Division T of Act is bipartisan legislation dubbed SECURE 2.0 Act of 2022 Setting Community Up for Retirement. ....

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Changes to Retirement Plans under SECURE 2.0

SECURE 2.0 Act was signed by President Biden. The Act makes changes affecting retirement plans. Here are the changes of interest to larger plan sponsors. Any plan amendments needed as a result must be adopted by the last day of the 2025 plan year, unless extended by DOL or IRS. ....

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