Secure Acts 1.0 / 2.0

On July 19, the IRS released final regulations on post-SECURE 1.0 Act required minimum distribution (RMD) rules. These final regulations have significant impact, both for taxpayers who inherit retirement accounts and those who own them. Join Michael as he provides the participants with an overview of these final regulations and examples that will help clarify the understanding of these complex rules.

SECURE 2.0 Act provides the surviving spouse with special elections that treat the surviving spouse as a plan participant for all RMD purposes. The IRS issues proposed regulations at the time of the release of the final regulations discussed above that flesh out the SECURE 2.0 Act changes to the RMDs. Advisors will need to pay attention to the details to make sure they understand all their new obligations and options for 2024 and beyond.

SECURE 1.0 Act §201 provides Plan Sponsors with the opportunity to retroactively adopt a retirement plan for the prior fiscal year and generate key tax favored benefits. Michael will review these rules, the compliance considerations and how to maximum this planning strategy through an effective professional team approach.

Mr. Miranda will also explore other factors of both SECURE 1.0 and 2.0.

What’s Included:

• Video recording from webinar

• PowerPoint used by presenter

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