As widely reported, the president recently signed into law the Consolidated Appropriations Act of 2023 (CAA 2023), a $1.7 trillion omnibus spending bill, which contains significant.
Biden signed into law, the SECURE 2.0 Act of 2022. SECURE Act 2.0 builds on 2019’s SECURE Act in seeking to improve the level of retirement savings for workers. SECURE Act 2.0 is a sweeping piece of legislation with many complex provisions.
While most of us were busy preparing for the holidays and making New Year’s resolutions, Congress and President Biden were busy rolling out new retirement plan legislation. On Dec. 22.
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Passed by Congress as part of Consolidated Appropriations Act, 2023, SECURE 2.0 Act of 2022 contains provisions that affect qualified retirement plans. Provisions described below are generally effective as of the first day of the plan year beginning after December 31, 2023.