Show notes
Another round of retirement changes are on the way after President Biden signed a spending bill in December 2022 that included the SECURE Act 2.0. Retirees and pre-retirees need to understand what this legislation means, how it might impact you, and what planning opportunities this could open up. Here’s some of what you’ll learn on this episode:RMD age extended to age 73 for some and 75 for others. (1:05)The RMD penalty has been reduced. (3:35)There are no longer RMDs for any Roth account (5:09)Catch-up contributions to company plans will have to do into the Roth for high-income earners. (11:22)The ability to move money from a 529 plan to a Roth…with restrictions. (13:31) For more, visit us online: http://philstaxhacks.comWatch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts