SECURE Act 2.0
On December 29, 2022, President Biden signed the Consolidated Appropriations Act, 2023, into law. This legislation included broad, bipartisan retirement savings provisions often referred to as "SECURE 2.0," an upgrade to 2019's Setting Every Community Up for Retirement Enhancement. With the passage of SECURE 2.0, millions more Americans now have a better chance at retirement success.
Retirement savers will gain a range of potential benefits from this legislation. While not an exhaustive list, below are several significant provisions that may be important for investors. Please note that not all effective dates are the same. A few provisions take effect immediately while most do not become effective for many years.