Soon after the SECURE Act passed in 2019, ideas for more retirement account improvements began to circulate. By late 2020, the financial media was excitedly reporting what was in the new legislation. Finally, with the 2022 year-end omnibus, the EARN Act (aka SECURE 2.0) will become law.

The new legislation includes many new tax-incentives that financial planners, accountants, and many lawyers must understand. The opportunities to help clients and increase sales are meaningful. 

Specifically, this webinar will cover the following pieces of the legislation:

• Changes to the Saver’s Credit


• Required beginning date increase


• Catch-up limit indexing


• Higher retirement plan catch-ups


• Matching for student loan payments


• Withdrawals for emergency expenses, hardships, domestic abuse, and terminal illness


• SIMPLE Plan contribution limits


• SEPs for domestic workers


• Able account improvements


• 529 to Roth rollovers


• Removing RMD barriers to life annuities


• QLAC increase


• Reducing the failed RMD penalty


• A retirement plan lost and found


• IRA mistake resolution


• One-time CRT QCD


• Repayment of birth & adoption distributions


• Adding an statute of limitations on IRA excise taxes


• Easing the punitive nature of the PT rules


• SEPP clarifications


• Removing excise taxes on certain corrective distributions


• Specific treasury guidance on rollovers


• Elimination of Roth 401k RMDs


• Permanent disaster relief distribution rules


• Incentives to buy long-term care insurance


• Fixes for IRAs payable to SNTs


• Limiting certain contributions to non-deductible Roth contributions


• Adding a Roth employer match


• Curtailing charitable easement deduction abuses

• Recognize the statutory changes most relevant to personal financial planners in the EARN Act (SECURE 2.0)


• Propose planning strategies to help clients capture the new tax benefits provided in the EARN Act (SECURE 2.0)