How SECURE 2.0 Might Change Retirement

By Andrew Maisch -
September 21, 2022

The SECURE Act of 2019 represented the biggest update to retirement law in over a decade. Now, Congress is deliberating on what “SECURE 2.0” legislation might entail.

In March, the House passed the Securing a Strong Retirement Act with a bipartisan 414-5 vote. The Senate is still weighing numerous proposals for their version, the Rise & Shine Act.

Proposals under consideration include:
*Raising the Required Minimum Distribution (RMD) age to 73 (eventually 75)
*Increasing catch-up contributions to $10,000
*Creating Roth versions of SIMPLE and SEP IRAs

Reconciling these bills will take time, but it’s clear that SECURE 2.0 could bring about another raft of significant changes for business owners and employees. As always, I’m keeping an eye out for what you need to know and will be in touch as events develop.  Please contact me if you have questions about planning your retirement.

September 21, 2022

The Retirement Reality Check

Little things to keep in mind for life after work. Decades ago, there was a book titled, What They Don’t Teach You at Harvard Business School. Perhaps someday, another book will appear to discuss

...Read More
April 21, 2023

Exploring National Parks in Retirement

For many older adults, finding time to experience nature can be one of the greatest pleasures in retirement.

...Read More
December 16, 2022

Helping You Avoid Scams This Holiday Season

Social Security-related scams continue to be widespread, especially during the holidays.

...Read More