Secure 2.0 and Your Retirement: Navigating Changes in RMDs
Many aspects affect your retirement income strategy, such as staying in the lowest tax bracket possible, reallocating your funds into assets with more or less risk, and determining the best age to begin taking Social Security payments. Throwing a wrench into your careful planning are Required Minimum Distributions, otherwise known as RMDs. An RMD is […]
The Tax Implications of Secure 2.0 for CPAs
On December 29, 2022, President Biden signed the Securing a Strong Retirement Act, also known as SECURE 2.0, into law. This legislation brings about various changes to the retirement landscape. This article focuses on the tax implications for both individuals and employers, many of which significantly affect Certified Public Accountants professionally and personally. New RMD […]
