The SECURE 2.0 Act of 2022 (“SECURE 2.0”) was enacted on December 29, 2022, as Division T of the Consolidated Appropriations Act, 2023, the U.S. federal government’s spending bill for fiscal year 2023. SECURE 2.0 builds upon many changes made earlier by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 (“SECURE 1.0”). SECURE 2.0 includes a daunting array of provisions affecting many types of retirement plans. Here we outline selected provisions of SECURE 2.0 that change certain retirement plan distribution rules.
We will cover other selected changes made by SECURE 2.0 in future alerts.
Please see full publication below for more information.
