New Secure Act 2.0 discussion for 2023

SECURE Act 2.0: Later RMDs, 529-to-Roth Rollovers, and Other #Tax Planning Opportunities

Congress recently passed #SECURE Act 2.0, which will bring several changes to retirement account rules. Peter Richon with Richon Planning and Erin Kennedy break down the big takeaways, including some unique opportunities, including:

-RMD Age Increase

-QCDs Will Be Expanded

-529 Plans

These changes, however, will make proactive tax planning even more important. Keep in mind, when you delay those Required Minimum Distributions, it will lead to larger account balances at death, which could create a significant tax burden for your beneficiaries.

If you'd like to talk through these changes and how they affect your #retirement plan, please reach out to Peter for a complimentary consultation by calling (919) 300-5886 or by visiting www.RichonPlanning.com

#rmds #QCDs #taxplanning #wealthmanagement #taxes #roth