Congress passed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) in 2019 to help Americans better prepare for retirement. In the final days of 2022, the SECURE 2.0 Retirement Savings Act (aka “SECURE Act 2.0”) was signed into law, expanding the SECURE Act of 2019 and further strengthening the retirement system.
It adds dozens of new provisions designed to make it easier for Americans to save for retirement in individual retirement accounts (IRAs) and workplace plans. Some changes kicked in this year, while others will start in 2024, 2025, 2026, and 2027.
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