SECURE 2.0 becomes law

Good news! New legislation, the SECURE 2.0 Act of 2022, is giving retirement savers an extra year before they need to begin taking required minimum distributions (RMDs), extending the opportunity for tax deferral. The new law, widely referred to as SECURE 2.0, includes dozens of amended retirement‐related rules. Let's dig into what SECURE 2.0 means for RMDs from retirement accounts, such as IRAs and employer‐sponsored plans, like 401(k)s.