Secure Act 2.0: What you need to know

Overview

This program provides an explanation of the Secure Act 2.0 tax provisions impacting both individuals and business taxpayers.

Highlights

• Expanding Automatic Enrollment in Retirement Plans
• Increased Age for RMDs
• Higher Catch-up Contribution Limit
• Emergency Expense Penalty-Free Withdrawals
• "Starter" 401(k)s for Certain Employers
• Part-time Worker Improved Coverage
• Excise Tax Reduction for Certain Retirement Plan Accumulations
• Employee Plan Conflict Resolution Expansion
• Retroactive First Year Elective Deferrals For Sole Proprietors
• Change in Plan Requirements for Unrollees
• Surviving Spouse Election
• Reduced Tax on Excess Contributions
• Timely Plan Amendment Changes
• Elective Deferral Changes
• Employer Match as Roth Contribution

Prerequisites

None

Designed For

CPAs in public practice and industry seeking an update on the latest retirement plan tax legislation.

Objectives

• Identify and recall key compliance issues and significant changes in retirement provisions.

Preparation

None