Description

This course provides a comprehensive analysis of the SECURE 2.0 Act (Act) that includes key provisions of the Act available for implementation in 2025. The principal focus of the Act was to expand retirement coverage and increase retirement savings. As such, the Act included many important changes relating to IRAs and qualified plans. This legislation alters the landscape of retirement planning for taxpayers of all ages. Make sure you are up to date with the latest information relating to these changes in order to effectively advise your clients on these important provisions.

Instructor: Mike Tucker, Ph.D., LL.M., J.D., CPA

Target Audience

Accounting and finance professionals advising clients with respect to new pension and other changes brought about by the SECURE 2.0 Act

Course Objectives

Understand the latest nuts and bolts rules on retirement for finance practitioners and accounting and finance clients

Competently discuss the current state of retirement planning with accounting and finance clients

Subjects

Mandatory automatic enrollment for new plans

Part-time worker eligibility expansion

Higher catch-up limit to apply at age 60, 61, 62, and 63

Change in the credit for small employer pension plan startup costs

$2,000 saver’s match

Changes in pooled employer plans

Multiple employer 403(b) plans

Increase in age for required beginning date for mandatory distributions

Indexing IRA catch-up limit

Treatment of student loan payments as elective deferrals for purposes of matching contributions

Application of credit for small employer pension startup costs to employers who join an existing plan

Small immediate financial incentives for contributing to a plan

Withdrawals for certain emergency expenses

Starter 401(k) plans for employers with no retirement plans

Recovery of retirement plan overpayments

Tax treatment of IRAs involved in a prohibited transaction

Clarification of substantially equal periodic payment rule