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ASCEND ADVISORY ON SECURE ACT 2.0: What you need to know about new retirement savings and distribution rules
On December 29, 2022, President Biden signed into law the Consolidated Appropriation Act of 2023. Included in this Act is SECURE Act 2.0 that is primarily aimed at helping boost retirement savings.
Those saving for retirement and retirees can potentially benefit from this new legislation, as well as small business owners.
We have summarized some of the key points below.