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4 Ways SECURE 2.0 Could Change Your Retirement Planning

TheMotleyFool

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A second version of the SECURE (Setting Every Community Up for Retirement Enhancement) Act was signed into law at the end of 2022, and it has some important changes for the aspiring retiree. Keeping on top of these changes and acting on them accordingly are keys to maintaining a sound financial plan.

Here are some of the biggest changes to come out of SECURE 2.0 and how they could affect you.

The age at which required minimum distributions (RMDs) must begin from pretax retirement accounts rose from 72 to 73 as of Jan. 1. This won't affect people already taking distributions from their retirement accounts, but it will affect those just reaching their 70s.

Source Fool.com

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