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What Hopkins, Levine & Treichel Think of Retirement Changes in Secure Act 2.0

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Three top retirement experts spoke on a ThinkAdvisor webcast Wednesday about the Securing a Strong Retirement Act of 2022, or Secure Act 2.0, now making its way through Congress: Jamie Hopkins, managing partner of Wealth Solutions at Carson Group; Jeffrey Levine, chief planning officer at Buckingham Wealth Partners; and Bonnie Treichel, chief solutions officer of Endeavor Retirement, a consulting firm.

Hopkins, Levine and Treichel discussed:

  • How and when the required minimum distribution age may be changing;
  • How the proposed legislation could affect penalties for missing RMDs;
  • What changes are likely to affect Roth IRAs;
  • What other changes are expected for catch-up contributions, qualified charitable distributions, automatic enrollment and automatic escalation; and
  • How Secure 2.0 might help employees repaying student loans.

“I don’t see a reason that this [Secure Act 2.0] doesn’t pass this year,” Hopkins said. “You put this in the ‘as likely as possible’ category of legislation.”

Hopkins warned attendees that clients are going to be asking questions about Secure 2.0, “so be prepared for those questions.”

Levine and Treichel weighed in on some of the proposed legislation’s implications for financial and tax planning, as well as retirement plan administration.

The webcast, including a discussion of questions asked by some of the 125-plus participants, lasted an hour. Check out the replay above.