The SECURE Act shook up the retirement planning scene when it was signed into law in December of 2019. In an effort to better prepare Americans for retirement, the law allowed 401(k)s to offer annuities, encouraged small business owners to set up retirement plans and upped the age at which required minimum distributions start.
Now a new bill – nicknamed SECURE Act 2.0 – is awaiting passage. The new bill compounds the changes from the original SECURE Act and introduces updates of its own.
Jamie Hopkins, Managing Partner of Wealth Solutions at Carson, walks through these new provisions in a webinar on Thursday, July 8, at 1 p.m. CT.
He’ll discuss the retirement planning changes advisors can expect including:
• Upping the RMD age from 72 to 75
• Automatic 401(k) and 403(b) enrollment
• Increased annuity options and ETF investments in annuities
• And more!