SECURE 2.0: New retirement planning opportunities for your clients
Understand all the new provisions and changes in the SECURE 2.0 Act of 2022.
Format
Webcast
Date
Feb 01, 2023
NASBA Field of Study
Taxes
Level
Overview
CPE Credits
1.5
Author(s)
Robert S. Keebler
Availability
Product Number
WC4084275
Secure a client's retirement
The SECURE 2.0 Act of 2022 was signed into law by President Biden in December 2022, and it provides incredible opportunities for CPAs and financial planners to add value for their clients in the areas of retirement and tax planning.
Advisers will be required to master the important new rules contained within the bill.
Join this 90-minute webcast with Bob Keebler, CPA/PFS, to prepare and get your questions answered. The webcast will include time for a question-and-answer session.
The webcast will cover the following rules and much more:
- An increase in the age for Required Minimum Distributions (RMDs) to age 75
- Catch-up contribution adjustments for taxpayers ages 60 to 63
- The transfer of 529 plans to Roth IRAs
- Expanded savers matches
- Removal of the 25% qualified life annuity limitation
- An increase in the Qualified Longevity Annuity Contract (QLAC) limitation to $200,000
- Modification of the treatment of IRAs involved in prohibited transactions
- Special provisions that Roth 401(k) plans will no longer be subject to the RMD rules
- Provisions that will allow a surviving spouse to elect to be treated as the employee of a qualified plan participant — this is an especially important provision for asset protection purposes in that the surviving spouse would seemingly be protected by the Employee Retirement Income Security Act (ERISA)
- The treatment of student loans as elective deferrals for purposes of matching contributions
- The modification of the rules providing for withdrawals for emergency expenses
- A new provision allowing for non-elective contributions to SIMPLE plans
- A reduction in the late RMD excise tax from 50% to 25%
- A one-time election for qualified charitable contributions to charitable remainder trusts
- An important modification of the RMD rules for special needs trusts apparently addressing the concern in the SECURE regulations regarding Medicaid repayment provisions under state law
(Eligible for CFP credit)
Key Topics
- SECURE 2.0 Act provisions
- SECURE 2.0 Act changes in reductions or modification of existing rules
Learning Outcomes
- Identify the new rules covered in the SECURE 2.0 Act of 2022.
- Determine the new retirement strategies available for your clients
Who Will Benefit
- Personal financial planners
- Tax professionals
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2 to 5 registrants
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