AICPA Personal Financial Planning (PFP) How SECURE 2.0 impacts clients we see in our practices {PFP Section}
Focusing on what you need to know to serve your clients today, Bob Keebler CPA/PFS reviews the changes and their nuances as a result of the passage of SECURE 2.0. Some of the areas highlighted in this episode of the Personal Financial Planning (PFP) podcast include:
- Changes in Required Beginning Dates (RBD)
- Upcoming changes to IRA and qualified plan catch-up contribution amounts
- Allowance for matching contributions for student loan payments
- Rules for newly allowed rollovers from 529 plans to Roth accounts
- How life annuities have been impacted
- Changes to exceptions for early withdrawals from IRAs and qualified plans.
- Reduction of excise tax and addition of a correction windows for missed Required Minimum Distributions (RMD.)
Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit https://pfplanning.libsyn.com/pfp to access show notes with direct links.
- Guide to Financial and Estate Planning, Volume 2
- SECURE 2.0 and retirement provisions
- SECURE 2.0 Section 605 and syndicated conservation easements
- SECURE 2.0 Section 337 and Special Needs Trusts
This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.
Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.