USA: SECURE 2.0 - WHAT INDIVIDUAL INVESTORS AND EMPLOYERS NEED TO KNOW
After passing the House in late March 2022, the Securing a Strong Retirement Act of 2022 (SECURE 2.0), was signed into US law on 29 December 2022. SECURE 2.0 covers more than 90 provisions aimed at boosting retirement savings and simplifying current rules for retirement plans, some of which take effect in 2023. Here is a look at some of the most far-reaching provisions of SECURE 2.0, provided by MichaelSilver in Chicago. Their recommendation is that employers and retirement savers alike consult with appropriate professionals to educate themselves on immediate and upcoming changes.