7 Things to Know Now About the Secure Act 2.0


Matthew Curfman, CFP, President & Co-Owner of Richmond Brothers, covers 7 points that caught our interest since Congress passed some new legislation as of December 23, 2022.

0:25 What Secure Act 2.0 is

1:10 When provisions become effective

1:33 RMD age increased

2:14 Missed RMD penalty decreased

2:48 Qualified Charitable Distributions

3:22 SEP/SIMPLE IRA allowing Roth contributions

3:54 Employer match may be made on a Roth basis

4:27 New 10% penalty exceptions

4:43 529 account unused fund changes

5:25 What this may mean for some

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The commentary in this video reflects the personal opinions, viewpoints and analyses of Richmond Brothers employees, and should not be regarded as advisory services provided by Richmond Brothers, and are subject to change at any time without notice. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Past performance is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Richmond Brothers, Inc. does not provide tax advice.

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