SECURE Act 2.0 changes on retirement savings is depicted by a woman holding a tablet in front of a white and blue background with money and graph symbols.

SECURE Act 2.0 changes on retirement savings

Retirement and Estate Planning

August 15, 2024

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If you’re looking to maximize your retirement savings, the SECURE Act 2.0 made some significant changes. In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II cover the effects of the SECURE Act 2.0 on retirement savings including business owners, retirees, and employer-sponsored plans.

Watch the video podcast version on YouTube

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Retirement Savings Plans
00:00—Intro
01:16—SECURE Act 2.0 effects
02:25—Change in RMD rules and penalty changes
05:30—SEPP & SIMPLE IRAs Roth options and new limits
08:08—529 leftover funds rollovers into ROTH
10:17—Qualified charitable contribution changes
11:35—Employer matching and student loan payments
12:16—ABLE plans
13:05—Low-income and gig workers savers match

Toss Up
14:06—Wealth taxes
17:20—Achieving longer lifespans
20:28—Warren Buffet’s cash
23:54—Working from home
25:20—Elections and sell-offs

This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor, or lawyer.

If you enjoyed learning about changes SECURE 2.0 made on retirement savings, be sure to follow the Your Money Momentum podcast published twice monthly where you listen to your favorite pods, or watch our latest video session on YouTube at Your Money Momentum.

Your Money Momentum podcast is produced by: Pamela Engstrom

Music by: PWISBY “Ruff”

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