023: SECURE Act 2.0: Here's What You Need to Know with Matthew Peck

A new version of the SECURE Act was passed on December 29, 2022. While we were celebrating the holidays, a lame duck Congress passed a law that made sweeping changes to financial and retirement planning. Whether you're recently retired, saving for retirement or even just saving for college, these changes to the SECURE Act are worth noting. With that in mind, today's episode is all about the most important changes made by the new SECURE Act–and, most importantly, how they may actually benefit you. You'll learn how to take advantage of tax-deferred growth and catch-up contributions, a number of new financial tools available to employers and employees alike, and how the Labor Department is making it easier than ever to find lost 401(k)s from jobs you might've had 30 years ago. In this podcast interview, you'll learn: Why the required minimum distribution age is increasing to 75 by 2033 and what makes this so important. The difference between traditional and Roth assets. How you can now take advantage of an unused (or underutilized) 529 to fund your grandkids' retirement. How employers can now make emergency accounts available to their employees. Why all the changes to the SECURE Act reaffirm the importance of good financial planning. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube