Several bills are currently proposed in Congress. While nothing has been signed into law yet, Setting Every Community Up for Retirement Enhancement 2.0 (SECURE Act 2.0) has bipartisan support, and it appears that some change is on the way. We will address a few of the proposed changes and how they may impact planning for clients.
These are a few of the many proposed changes in SECURE Act 2.0 that could impact your planning:
There is a strong potential that changes to both tax and retirement savings may happen. Be prepared; understanding how those changes may impact your clients’ goals and planning in advance will help you better manage the change without disrupting their plans. Keep following for updates.
For more information on retirement-planning strategies, please contact the Retirement Strategies Group at (800) 722-2333, or email us at RSG@PacificLife.com.
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