SECURE 2.0- New Retirement Rules-What You Should Know for 2024!

Photo by Setu Chhaya: https://www.pexels.com/photo/person-in-black-jacket-walking-on-wooden-bridge-6876383/

I have always been intrigued by the acronyms that get selected for legislations passed. For a word geek such as myself, I feel like that would be a cool job to have! Don't you think? 

The SECURE {Setting Every Community Up for Retirement Enhancement}  Act was passed end of 2019. The 2019 Act was "designed to encourage more employers to offer retirement plans and incentivize more employees to participate in them". We went over some major provisions of SECURE 1.0 on my post here. 

SECURE Act 2.0 added more provisions. A few of these will go into effect in 2024 and others further down the road. Let's take a look at some of the most important provisions:

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