Time-Sensitive Tax Planning: SECURE 2.0 Effective Dates

With the effects of SECURE 2.0 continuing to roll in, 2024 brings a wave of changes and little-known tax planning opportunities for us to discuss, including new rules affecting many spousal beneficiaries starting this year! From opportunities to move 529 balances into Roth IRAs to new ways to reduce required minimum distributions (RMDs), there are many key dates and approaching deadlines for us to explore capitalizing on.

For a quick snapshot of changes impacting your retirement accounts that have recently gone into effect, download “SECURE 2.0 Effective Dates” now.

If we have not yet connected to discuss how these changes may affect you and opportunities to lock in significant tax savings for you and your heirs, contact our office at 516-294-5287 to schedule a time to discuss.

P.S. Think you may have missed or miscalculated your RMDs for 2023? We may be able to significantly reduce your penalty fee with the IRS, but time is of the essence. Call to discuss ASAP!