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Important Issues to Consider Regarding Changes Made by The SECURE Act 2.0

Happy New Year 2023!

As we reflect on another year gone by, we are filled with gratitude for the trust you have placed in us and are committed to providing you with the best service and advice tailored to your personal financial goals. We hope that 2023 is filled with good health, happiness and all the people and things that bring you joy!

The SECURE Act 2.0 Has Taken Effect.

It is very likely that you have been hearing about the SECURE Act 2.0. It seems like every day there’s a new headline in the news, which only serves to create a lot of questions. Let’s face it, headlines – and even the stories that follow – can leave you wondering how this new legislation applies to you.

The SECURE Act 2.0 has several changes that may affect retirement-focused clients. To help provide insight to some of the most significant changes, we have a summary checklist that groups the changes by the year they take effect. The checklist is attached for your review and is titled:

What Important Issues Should I Consider Regarding Changes Made By The SECURE Act 2.0?
Download PDF • 189KB

Here is a brief overview of some of the most popular changes:

  • An increase in the age for required minimum distributions (RMDs) and catch-up limits, with special provisions for older individuals, and increases for qualified charitable distributions (QCDs).

  • More options and flexibility for Roth accounts, such as 529-to-Roth transfers.

  • More access to retirement plans for certain individuals and additional exceptions to the 10% early distribution penalty, including an exception to pay for long-term care premiums.

  • Qualified student loan payments treated as employee retirement contributions for employer matching purposes.

  • Automatic enrollment in employer-sponsored 401(k) and 403(b) plans for most employers.

  • Changes for self-employed retirement savers.

  • Reduced penalties and limits on certain IRS claims.

We understand that these changes can be overwhelming therefore I recommend the following plan of action. Download the checklist and go over it to see what areas are most relevant to your personal financial situation. If you answer YES to any of the questions, then there’s a possible planning opportunity for us to discuss. Then we can review it together and prioritize any action items that we need to work on or better understand so you can move forward with confidence.

Send a reply request or call the office to set up a meeting so we can discern any impact to your retirement, investment, and tax strategies. Feel free to pass this important information along to your family, friends, and co-workers. If you have any questions, please don't hesitate to reach out to us and as always, thank you for your business!

Warm Regards,

David J. Blount


Investment & Insurance Planning Services, LLC

261 Plaza Dr. Suite B

Oviedo, FL 32765


The opinions voiced in this material are for general information only and not intended to provide specific advice or recommendations for any individual. Please consult with your tax, legal or financial professional prior to making decisions based upon this content.

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