SECURE Act 2.0
Congress recently passed SECURE Act 2.0. The updated law includes countless items that affect financial planning and tax planning, however there isn't much that affects estate planning. Only 2 items are worth noting here:
1. The age for required minimum distribution increased from age 72 to age 73.
2. There are no more mandatory lifetime distributions from Roth 401(k) accounts.
Thomas J. Bouman