Confidence Corner
What’s the latest happening in Congress? In 2019, the first Secure Act was passed. At the very end of 2022, Congress passed the Secure Act 2.0, which rolled out a new set of financial changes.
On today’s show, Nathan goes over some of the key changes you’ll want to be aware of and how to adjust accordingly. Make sure to talk with your financial advisor about what this means for your financial plan.
Here are some ways the Secure Act might impact you in the future:
- RMD age has changed. 1:54
- Qualified charitable distributions can help. 4:53
- Special catch-up contributions were added. 9:59
- Employers can match 401(k) contributions on student loan payments. 10:21
- 529 plans can transfer into a Roth IRA. 12:46
- Employers can match a Roth 401(k) contribution. 18:36
A Point Of Wisdom: