SECURE 2.0 – New tax benefits for retirement savers
Abstract: The long-awaited SECURE 2.0 Act, enacted at the end of 2022, expands on the improvements made by the Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act). Now individuals can save more and save longer for retirement, at a lower tax cost. This article details the highlights of the new law. A sidebar explains which provision of SECURE 2.0 requires a technical correction due to a drafting error.