The Secure Act and Changes to Be Aware of

02.05.2025

When the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, and its successor, SECURE 2.0 Act of 2022, went into effect they came with many changes. Some you may have come to know, like how it increased the age to 73 for required minimum distributions from retirement accounts. Though many changes are not well known. Some have followed a tiered approach, so adjustments weren’t implemented immediately or aren’t scheduled to begin until a future date. In addition, some rules weren’t clear, so the IRS had to issue additional guidance on how to interpret the rule.