WEBINAR REPLAY: Secure Act 2.0, January 2023
This new legislation aims to strengthen the retirement system and improve Americans' financial readiness for retirement. Please view our webinar replay where we discussed: - The age to start taking required minimum distributions (RMDs) will increase to 73 in 2023 and to 75 in 2033. - The penalty for failing to take an RMD will decrease to 25% of the RMD amount for IRAs, and to 10% if corrected in a timely manner. - RMDs will no longer be required from Roth accounts in employer retirement plans starting in 2024.