Tag: Secure Act 2.0
Unlike most things the government does, the Secure Act 2.0 actually paved the way for 529 to Roth IRA transfers for account owners who aren’t able to utilize all 529 funds for allowable college expenses. The Secure Act 2.0 529 to Roth transfer mechanism is possibly the greatest thing to come out of Congress inRead…
The Secure Act 2.0 RMD rules made some significant changes to retirement plans. Among those changes included updating Required Minimum Distributions, aka “RMDs”. RMD rules apply to retirement accounts, namely 401(k), 457(b), 403(b), and Traditional IRA accounts. Secure Act 2.0 RMD impacts can greatly change your retirement outlook so pay attention! Secure Act 2.0 RMDRead…
Congress just passed the Secure Act 2.0 and the Senate is looking to make a few amendments. This will have an impact on nearly every American who is saving for retirement. AJ breaks down he different planks of this policy and then gives his opinion on what major personal finance laws the government SHOULD pass.