Here you will be able to find communications from the RIM team as well as helpful resources and articles.
The SECURE Act 2.0 made many mostly small changes to the tax code. The biggest thing for IRA owners to consider now is whether they want to convert balances to Roth before tax rates rise.
We are blessed with (too) many options for income that we receive, but these choices can be categorized into four broad categories: taxes, giving, living and saving. Taxes are a natural consequence of living in a civilized society and having income or assets.
SECURE_2.0 SECURE Roth 401(K)
While both QCDs and donating appreciated assets are helpful, there are numerous considerations in determining which technique to use.
This holiday season Congress has given us SECURE 2.0. With no time to spare to avoid a government shutdown, they passed the $1.7 trillion Consolidated Appropriations Act of 2023 and sent it off the President for signature. Tucked inside the more than 4000 pages of legislation, you can find SECURE 2.0. While this “Son of SECURE” is not exactly the game changer for IRAs that its “Dad” (the original SECURE Act) was, there are still many changes that will affect IRA owners and beneficiaries.