This course provides a comprehensive analysis of the SECURE 2.0 Act of 2022, which is part of a much larger legislative package entitled the Consolidated Appropriations Act, 2023.
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
BENEFITS
- 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
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
COURSE LEVEL
Basic
ADVANCE PREPARATION
None