This New Law Can Help You Become a Tax-Free Millionaire! | Ep. 43
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Show Notes
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In this episode, Marc shares all about Secure Act 2.0. You will learn about the latest changes to the retirement investing landscape in the United States with the Secure Act 2.0, including the impact on RMDs, catch-up rules, student loan repayment, and the option for employers to use Roth dollars for matching contributions.
[01:00] Introduction to the Secure Act 2.0 and its purpose.
[02:00] Explanation of the legislative process and the role of Congress.
[03:00] Mention that the changes will go into effect in 2024.
[04:00] Explanation of RMDs and potential changes to the rules.
[09:00] Introduction of the option for employers to use Roth dollars for matching contributions.
[10:00] Mention that the Roth dollars used for matching will be 100% vested.
[11:00] Explanation of vesting schedules and the impact on employees.
[12:00] Discussion of the financial impact of the 100% vesting on Roth dollars.
[13:00] Calculating how much money an individual could have in a Roth 401k after 30 or 40 years.
[13:00] Information on how to learn more about the changes in the Secure Act 2.0.
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