The SECURE Act 2.0became law as part of the Consolidated Appropriations Act, 2023 enacted on December 29, 2022. It contains a wide range of provisions designed to encourage retirement savings. Additionally, it brings about changes affecting required minimum distributions, Roth IRAs and designated Roth accounts. The Act addresses desirable outcomes, including:
Creating improved retirement security;
Ensuring retirement income preservation;
Simplifying retirement plan rules; and
Enhancing federal revenue.
This ethics CPE course discusses the various provisions of SECURE Act 2.0, beginning with those provisions that are immediately effective and followed by those that become effective in subsequent years. In doing so, the class adds appropriate context to facilitate understanding of both the pre-enactment environment and the impact of the legislative changes.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identifying the provisions designed to expand retirement plan coverage and increase retirement savings;
Describing the provisions designed to enable plan participants to preserve their retirement income;
Listing the provisions that simplify retirement plan rules; and
Identifying those provisions designed to enhance federal revenue.
Major Topics
Expanding Retirement Security Provisions Effective
Tax Credits for Employer Plan Startup Costs Expanded
Multiple Employer Plans for Tax Sheltered Annuity
Small Financial Incentives to Encourage Plan Participation
SEPS for Domestic Employees
Emergency Expense Withdrawals
Additional SIMPLE Nonelective Contributions
Starter 401(k)/403(b) Plan Authorized
