The SECURE 2.0, included as part of the Consolidated Appropriations Act, 2023, builds on the retirement savings changes enacted by the original SECURE Act of 2019. The changes affect both employer-sponsored retirement savings plans as well as individual retirement accounts.
After months of on-again off-again consideration of competing bills, US Congress capitalized on bipartisan support for retirement plan legislation to deliver the SECURE 2.0 Act of 2022.
The Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg (RISE & SHINE) Act is aimed at strengthening Americans' emergency savings and retirement security.