Video Description:
Congress recently passed #SECURE Act 2.0, which will bring several changes to retirement account rules. @Tom with @InternationalFinancial and @erinkennedy break down the big takeaways, including:
- RMD Age Increase
- RMD Penalties
- 401(k) Changes
- 529 Plans
- Distribution Exceptions
Keep in mind, when you delay those Required Minimum Distributions, it will lead to larger account balances at death, which could create a significant tax burden for your beneficiaries, which is why proactive tax planning is so important.
If you'd like to talk through these changes and how they affect your #retirement plan, please reach out to Tom for a complimentary consultation by calling 973-394-0623 or by visiting www.InternationalFinancial.com
#RMDs #QCDs #TaxPlanning #WealthManagement #Taxes #Roth
