The Setting Every Community Up for Retirement Enhancement (SECURE) Act went into effect on January 1, 2020, effectively eliminating the ability to “stretch” IRAs going forward, although certain individuals still can. SECURE Act 2.0 was signed into law on December 29, 2022, and adds multiple new retirement plan provisions. All of these changes will impact how your clients transfer wealth to their beneficiaries and point out flaws in their existing plans as any previous advice given should be invalid. Help assist your clients through misconceptions, incorrect information, and outdated planning techniques. Clients with IRA trusts have been (and will continue to be) affected the most and need professionals to guide them to better solutions. 

This webinar will cover:

Overview of the SECURE Act 

• 401(k)s for part-time employees


• IRA contributions for graduate students


• Penalty-free withdrawals for student loan debt and birth or adoption


• More access to annuities in 401(k) plans


• Deductible IRA contribution age limits eliminated


• Required Minimum Distributions (RMDs) increased to age 72


• Semi-elimination of the “Stretch” IRA

• RMDs increased to age 73


• RMD penalty reduced to 25% 


• Increase in catch-up contributions


• Roth contributions for SEP and SIMPLE plans


• Roth catch-up contributions


• Elimination of RMDs for Roth 401(k) plans


• 529 plan rollover to Roth IRA


• Student loan payments treated as elective deferral for match


• Exemption from 10% early withdrawal penalty for hardship


• QCD distribution to charitable gift annuity or trust 

• List payout options for beneficiaries before and after the SECURE Act 


• Summarize an overview of the SECURE Act and SECURE Act 2.0


• Recognize new IRS proposed (and subsequently final) regulations on RMDs 


• Outline tax consequences and asset protection 


• Identify how to help clients pass assets efficiently