August 18th, 2023
David De Jong and Sarah Broder Discuss SECURE 2.0 on Podcast
Stein Sperling’s David De Jong and Sarah Broder appeared on the podcast ForYourBenefit on the Federal News Network with host Bob Leins to discuss SECURE 2.0, which changes the landscape of retirement plans.
Topics of discussion includes:
- Multiple changes to “over 50” elective deferrals to employer plans
- Emergency withdrawals permitted from an employer plan or IRA and new emergency savings plans
- The change in the required beginning date from age 72 to 73
- The slashing of the minimum distribution penalty and the elimination of the penalty for excess contributions to an IRA