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.
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AuthorTom Bouman, Attorney Archives
February 2024
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