SECURE Act 2.0 – What is it and how does it apply to my business?

SECURE 2.0, similar to SECURE Act, is a significant piece of retirement legislation that is intended to make it easier for businesses to offer retirement plans and for individuals to save for retirement. Over the next several years, SECURE 2.0 puts in place numerous provisions designed to enhance your ability to save for retirement through increased contribution opportunities, changes to rules affecting distributions from retirement accounts and benefits to establishing retirement savings. Collectively, these changes may influence how you save and use your savings over time.