SECURE ACT 2.0 STRATEGIES

General information The SECURE 2.0 Act of 2022, enacted on December 29, 2022, as part of the Consolidated Appropriations Act, 2023, is a significant piece of legislation aimed at enhancing retirement savings and offering tax benefits for individuals and employers. Building on the original SECURE Act of 2019, it introduces numerous provisions to encourage retirement plan participation, increase contribution limits, provide tax credits, and offer flexibility in accessing retirement funds without penalties under certain conditions.