Reviewing the retirement planning provisions of SECURE 2.0

Description

Abstract: At the end of 2022, the Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0 was passed. It contains various provisions that physicians should be aware of concerning retirement savings — both for their own sake and for that of employees who participate in their employer-sponsored retirement plans. This article contains a brief review of some of these provisions, including new rules regarding required minimum distributions and catch-up contributions, among other things.