Secure Act 2.0 – How Your Retirement Plan is Affected

Are you curious about how your retirement plan is affected by the Secure Act 2.0? The Secure Act 2.0 was just passed at the end of the calendar year 2022 with some major updates on it.The Secure Act 2.0 has changed things around when to take your Required Minimum Distributions from now moving forward.In this episode of the Secure Your Retirement podcast, we discuss how the Secure Act 2.0 will affect your retirement plan. Listen in to understand more about the right time to take RMDs and the rules around Required Beginning Date (RBD).In this episode, find out:How the age of taking RMDs has shifted from seventy-two to seventy-three and five.The Required Beginning Date (RBD) and the rules around it if you choose to defer your RMDs.We share some examples to help you understand when to take your RMDs as per the Secure Act 2.0.Why you need the help of a professional if you miss taking your RMD.The formula to take your RMD and the frequency in which to take it.Tweetable Quotes:“If you reached age seventy-two after the year 2022 has ended, there’s no RMD for your IRA in 2023.”- Murs Tariq“Do not think you get to skip 2023 if you’re already in your Required Minimum Distribution.”- Radon Stancil Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.