SECURE 2.0 Act increased the starting age for RMDs, providing up to three extra years before some IRA owners need to begin. However, those who have already started RMDs before 2023 must continue.
On December 29, 2022, the SECURE 2.0 Act was signed into law. While "Son of SECURE" is not quite the game changer for IRAs that the original SECURE Act was, there are many new provisions. How will this legislation affect you and your retirement savings? Here are some highlights:
Happy New Year and welcome to 2023! We hope that you and your family had an enjoyable holiday season. We look forward to what this new year has to offer.
