Overview of the Secure Act 2.0 (Completed)

Date: Tuesday, January 31, 2023
Instructor: Klaralee R. Charlton
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC
2 hours Retirement Savings and Income Planning for CFP

Congress seemingly can’t stop tinkering with the rules governing retirement plans in an effort to further encourage taxpayers to save for retirement and incentivize employers to offer savings opportunities to employees. The Securing a Strong Retirement Act dubbed the “Secure Act 2.0” recently passed Congress as part of the year-end omnibus spending bill. This presentation will focus on the main points of the Act affecting retirement plans for small businesses and taxpayer’s future withdrawal requirements from their retirement plans. This course will provide a history of this legislation, a summary of its main provisions, and planning ideas for clients affected by the Act.

Topics Covered

  • Legislative history of both the original Secure Act and Secure Act 2.0
  • Summary of the new mandatory automatic enrollment and escalation rules for all employer plans and options for employees repaying student loans
  • Explanations of the new taxation rules for catch up contributions and changes to the catch-up age ranges
  • Description of the revisions to the previously expanded retirement plan eligibility options for part-time employees
  • Illustrations of the impact of the 2022 changes to required minimum distributions for plan participants
  • Planning ideas for clients and beneficiaries affected by the passage of both the Secure Act and Secure Act 2.0

Learning Objectives

  • Describe how the Secure Act and Secure Act 2.0 passed congress and their primary provisions
  • Explain the new increased catch-up contribution rules
  • Analyze the potential tax impacts related to IRA withdrawals by participants and beneficiaries under the legislation
  • Recommend tax planning to clients and beneficiaries affected by the Secure Act and Secure Act 2.0
  • Understand the changes affecting employer sponsored plans including automatic enrollment requirements and student loan repayment matching options


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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