In December 2022, Congress passed the SECURE Act 2.0, which might modify retirement plans like 401(k)s, IRAs, and Thrift Savings Plans (TSP).
FedLife Podcast (ep. 90): What You Need to Know About SECURE Act 2.0
In this episode, Ed Zurndorfer sheds light on the change in the age at which people must start taking money out of these plans and the expansion of qualified charitable distributions (QCD), which allows for more options for giving money to charity through retirement plans.
Ed discusses:
- The age to start taking money from your retirement plan
- Options around expanded QCDs
- 2023 timeline: When are these changes happening
- Ways these changes are impacting your retirement plan: The value of working alongside financial professionals
- What you should know about the Saver’s Match Program
- And more!
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