SECURE 2.0 Provisions and Priorities for IRAs
Help your clients prioritize the key provisions of the SECURE 2.0 Act for their individual retirement account.
Key Points
- Key Provisions for 2023: Educate clients on the SECURE 2.0 provisions applicable in 2023, such as the increase in age for required minimum distributions and the elimination of additional tax on corrective distributions.
- Changes for 2024: Assist clients in complying with the provisions effective in 2024, including indexing IRA catch-up limits and penalty-free withdrawals for individuals facing domestic abuse.
- Priorities for 2025 and Beyond: Provide insights on the provisions set to take effect in 2025 and later, such as higher catch-up contribution limits for certain ages and the expansion of the Employee Plans Compliance Resolution System (EPCRS).