Surgent's Update on the SECURE 2.0 Act - On-Demand Webcast

Overview

This course provides a comprehensive analysis of the SECURE 2.0 Act, which is part of a much larger legislative package entitled the Consolidated Appropriations Act, 2023. The principal focus of the Act is to expand retirement coverage and increase retirement savings. As such, the Act has many important changes relating to IRAs and qualified plans. This long-awaited new legislation alters the landscape of retirement planning for taxpayers of all ages, and there are changes taking immediate effect in January 2023. Make sure you are up-to-date with the latest information available in order to effectively advise your clients on these important changes. In addition, this guidance will be of particular relevance to practitioners’ own retirement planning.

Highlights

Automatic enrollment requirements for 401(k) plans
Change in the credit for small employer pension plan startup costs
$2,000 saver’s match
Changes in pooled employer plans
Multiple employer 403(b) plans
Increase in age for required beginning date for mandatory distributions
Indexing IRA catch-up limit
Higher catch-up limit to apply at age 60, 61, 62, and 63
Treatment of student loan payments as elective deferrals for purposes of matching contributions
Application of credit for small employer pension startup costs to employers who join an existing plan
Small immediate financial incentives for contributing to a plan
Withdrawals for certain emergency expenses
Starter 401(k) plans for employers with no retirement plans
Improving coverage for part-time workers
Recovery of retirement plan overpayments
Tax treatment of IRAs involved in a prohibited transaction
Clarification of substantially equal periodic payment rule

Prerequisites

None

Designed For

Any accounting and finance practitioner advising clients with respect to new pension and other changes brought about by the SECURE 2.0 Act of 2022

Objectives

Understand the latest nuts and bolts rules on retirement for yourself and your accounting and finance clients
Competently discuss the current state of retirement planning with your accounting and finance clients