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Secure Act 2.0

Secure Act 2.0

July 05, 2022

The SECURE Act of 2019 represented the biggest update to retirement law in over a decade. Now, Congress is deliberating on what “SECURE 2.0” legislation might entail.

In March, the House passed the Securing a Strong Retirement Act with a bipartisan 414-5 vote. The Senate is still weighing numerous proposals for their version, the Rise & Shine Act.

Proposals under consideration include:

  • Raising the Required Minimum Distribution (RMD) age to 73 (eventually 75)
  • Increasing catch-up contributions to $10,000
  • Allow employers to make contributions to 401(k) plans on behalf of employees who are making student loan payments
  • Creating Roth versions of SIMPLE and SEP IRAs
  • Employer 401(k) matching contributions on a Roth basis 

Reconciling these bills will take time, but it’s clear that SECURE 2.0 could bring about another raft of significant changes for business owners and employees. As our office continues to monitor this new legislation, please don't hesitate to reach out with any questions. 


This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC).