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Secure 2.0 Fact Sheet

Publish Date: January 25, 2023

The long-anticipated SECURE Act 2.0 was signed into law 3 years after the original SECURE Act! The time is NOW to learn how it will impact your clients so you can help them navigate it.

The quick rundown is as follows:

  • President Biden signed a $1.7 trillion omnibus spending bill on December 29th, 2022
  • SECURE 2.0 Act of 2022 appears as Division T in the bill
  • The new Act builds on its predecessor and many provisions take effect immediately

Further highlights include:

  • Yet another increase in the age at which RMDs must begin
  • Expanded options for spousal beneficiaries
  • New and broader exceptions to the 10% early withdrawal tax
  • Supercharged catch-up contribution opportunities for workers in their early 60s
  • 529 to Roth IRA transfers for some 529 beneficiaries
  • Opportunities to better leverage QLACs for later-in-life income
  • Roth options for SEPs and SIMPLEs
  • And so much more

Written By:  Charlie Gipple, CFP®, CLU®, ChFC®

Written By: Charlie Gipple, CFP®, CLU®, ChFC®

Charlie is the Founder and CEO of CG Financial Group, a financial services company that serves consumers as well as financial professionals. Charlie also owns and operates The Retirement Academy, which is an online resource to help financial professionals in running successful practices. Charlie is recognized throughout the industry as one of the foremost thought leaders and subject matter experts on retirement planning, life insurance, long-term care planning, leadership, storyselling, and behavioral finance. He is also an industry keynote speaker conducting 100-150 speeches per year. He has spoken at the MDRT Top of the Table as well as other large forums and has also appeared on TheStreet.com and AM Best TV. Gipple has vast leadership experience in the insurance industry as he has been an executive of various insurance companies and large Independent Marketing Organizations. With over two decades of experience, Charlie is unique in his broad knowledge across the life insurance, LTC, annuities, and securities businesses. He holds a bachelor’s degree in Finance from the University of Northern Iowa, is FINRA Series 7 and Series 66 licensed and also holds the CFP®, CLU® and ChFC® designations.

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CG Financial Group, LLC
7629 Silverstone Ct.
Johnston, IA 50131



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