Episode 34: The Secure Act 2.0
Jan 18, 2023•15 min•Season 1Ep. 34
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Episode description
- Required Minimum Distribution changes to age 73 and will move to age 75 in 2033.
- The Required Minimum Distribution penalty of 50% decreased to 25% and possibly down to 10%.
- Catch-Up contributions have increased and will increase even further for those 60-63 in 2024.
- 529’s that have remaining balances can now be rolled to a Roth IRA for the beneficiary.
- There is still clarification on some things coming down the pike.
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