Andrew Busa on the Secure Act 2.0

Andrew Busa, MSPFP, CFP^®, MPAS^®, CCFC

Manager of Financial Planning

In our latest Adviser Takeaway video, Manager of Financial Planning Andrew Busa revisits Secure 2.0 following its recent passage. He highlights four important changes that investors should pay attention to. These changes include updated rules around required minimum distributionsA required minimum distribution is the amount of money that must be withdrawn each year from tax-deferred retirement accounts once the beneficiary reaches retirement age (72, according to IRS rules). (RMDs), expanded 401(k) matching and catch-up contribution options, as well as the ability to roll money from your 529 plan into a Roth IRAA type of account in which funds can be saved and invested without being subject to tax until the account holder reaches retirement age.. If you have questions for Andrew or the Adviser team, please send them to info@adviserinvestments.com.