SECURE Act 2.0: What It Means for Your Retirement and Your Heirs
The original SECURE Act (2019) and SECURE 2.0 (2022) quietly rewrote large parts of the retirement playbook. If your plan was built before 2020, there's a real chance it no longer matches the law.
RMD Age Pushed Back
RMDs now start at age 73 (and move to 75 in 2033). That extends your Roth conversion window — but also lets bigger balances accumulate, which means bigger RMDs and bigger tax bills later if you don't plan ahead.
The 10-Year Rule for Inherited IRAs
The 'stretch IRA' is largely gone. Most non-spouse beneficiaries now have to empty an inherited IRA within 10 years — often during their highest-earning years, at their highest tax rates. For many families, repositioning IRA dollars into life insurance now passes far more wealth than leaving the IRA intact.
New Roth Opportunities
SECURE 2.0 added Roth options to SEP and SIMPLE IRAs, allowed employer matches to go into Roth 401(k)s, and starting in 2024 eliminated lifetime RMDs on Roth 401(k)s. These are powerful new planning tools — if your plan uses them.
If your retirement plan was built before 2020, schedule a SECURE Act review with Gerard to make sure it still works.
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