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Newsroom View

SECURE Act 2.0 Is Overhyped, Says Ed Slott

Sunday, January 29, 2023

Policymakers tout recent legislation as offering a leg-up to Americans struggling to save for retirement, but one tax and retirement expert says not to believe the hype.

The SECURE Act 2.0, enacted at the end of last year, will bring about some important changes for retirement planners—but it’s not as impactful as its predecessor, 2019’s the SECURE Act, said Ed Slott, president of Slott & Co.

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New Secure 2.0 Act promises to boost retirement saving, at cost of confusion

Thursday, December 29, 2022

A major new retirement law has been enacted, the second big one in little more than three years. Like movie sequels, this one has all the makings of a blockbuster.

The Secure 2.0 Act will allow Americans to save more money in tax-sheltered workplace retirement accounts, make the saving process easier through automatic enrollment, provide new incentives, delay the time when withdrawals must begin and set in motion other important changes.

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Secure Act 2.0: Its Highlights, Its Limitations

Monday, December 26, 2022

President Biden signed the Secure Act 2.0 after passage by both the House and Senate. That long-discussed package of changes to retirement savings rules aims to make it easier for Americans to build retirement savings and less costly to withdraw those savings.

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