The introduction of the SECURE 2.0 Act of 2022 represents a significant shift in the retirement savings landscape, presenting both opportunities and challenges for professionals in tax, accounting, and finance. Navigating the intricacies of these new regulations, with their varying effective dates and complex provisions, can be a daunting task. This CPE webcast course offers a comprehensive solution to this challenge by providing an in-depth analysis of the SECURE 2.0 Act. Beginning with the current state of retirement savings, it moves through the changes introduced by the act, including automatic enrollment and escalation requirements for employer-sponsored plans, increased catch-up contribution rules, and the impact of Section 529 Plans and Student Loan Payments on retirement savings. The CPE webcast course also clarifies the new credits available for pension plan start-up costs, making it an invaluable resource for professionals seeking to understand and apply these significant legislative changes in their practice.
Learning Objectives
Upon completing this course, participants will be able to:
Understand the automatic enrollment and escalation requirements for employer sponsored plans;
Explain the increased catch-up contribution rules;
Discuss how Section 529 Plans and Student Loan Payments impact retirement savings; and
Understand the new credits for pension plan start-up costs.
Major Topics
• Expanding coverage & increasing retirement savings
• Preservation of income
• Simplification & clarification of retirement plan rules
• Technical amendments
• Administrative provisions
• Revenue provisions
• Tax Court retirement provisions
