Not everything our government does is ludicrous. Once in a while, our leaders manage to do something right, despite decades of experience in mucking things up.
The last major tweak to the financial planning landscape came from the SECURE Act of 2019. It cut costs and red tape for small business’ 401(k) plans and raised the age for required minimum distributions (RMDs) from 70 ½ to 72.
Now Congress is close to rolling out a “SECURE Act 2.0.”
Assuming our fearless leaders can get out of their own way, we have a pretty good idea of what‘s coming based on the two versions making the rounds now.
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