Surgent's Update on the SECURE 2.0 Act

Description

This course provides a comprehensive analysis of the SECURE 2.0 Act (Act) that includes key provisions of the Act available for implementation in 2025. The principal focus of the Act was to expand retirement coverage and increase retirement savings. As such, the Act included many important changes relating to IRAs and qualified plans. This legislation alters the landscape of retirement planning for taxpayers of all ages. Make sure you are up to date with the latest information relating to these changes in order to effectively advise your clients on these important provisions.

Highlights

• Mandatory automatic enrollment for new plans
• Part-time worker eligibility expansion
• Higher catch-up limit to apply at age 60, 61, 62, and 63
• Change in the credit for small employer pension plan startup costs
• $2,000 saver’s match
• Changes in pooled employer plans
• Multiple employer 403(b) plans
• Increase in age for required beginning date for mandatory distributions
• Indexing IRA catch-up limit
• Treatment of student loan payments as elective deferrals for purposes of matching contributions
• Application of credit for small employer pension startup costs to employers who join an existing plan
• Small immediate financial incentives for contributing to a plan
• Withdrawals for certain emergency expenses
• Starter 401(k) plans for employers with no retirement plans
• Recovery of retirement plan overpayments
• Tax treatment of IRAs involved in a prohibited transaction
• Clarification of substantially equal periodic payment rule

Objectives

• Understand the latest nuts and bolts rules on retirement for finance practitioners and accounting and finance clients
• Competently discuss the current state of retirement planning with accounting and finance clients

Designed For

Accounting and finance professionals advising clients with respect to new pension and other changes brought about by the SECURE 2.0 Act