SECURE Act 2.0

SECURE Act 2.0, passed as part of the Consolidated Appropriations Act of 2023, made significant changes to the rules governing retirement plans and IRAs. These changes made it easier for individuals to save for retirement.

However, individuals aren’t the only ones that need to pay attention to the new law. SECURE Act 2.0 also affected small businesses by allowing new incentives that benefit both the employer and the employee. We have highlighted the changes in the new law for individuals and employers and businesses.