The SECURE 2.0 Act of 2022 — enacted to improve retirement readiness — is signed into law.

Author: Steven Grieb

null

On December 23, 2022, the U.S. Congress passed the SECURE 2.0 Act of 2022, and President Biden signed it into law on December 29.

SECURE 2.0 is the final compilation of several bills:

  • The Securing a Strong Retirement Act, which passed the House of Representatives with a 414-to-5 vote in March, 2022
  • The Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act (RISE & SHINE), which passed unanimously through the U.S Senate Committee on Health, Education, Labor & Pensions
  • The Enhancing American Retirement Now Act (EARN) which passed unanimously through the Senate Finance Committee

SECURE 2.0 contains a wide array of mandatory and optional changes for retirement plans under both the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code.

SEE FULL STORY

Author Information

Disclaimer

This material was created to provide accurate and reliable information on the subjects covered but should not be regarded as a complete analysis of these subjects. It is not intended to provide specific legal, tax or other professional advice. The services of an appropriate professional should be sought regarding your individual situation.

Gallagher Fiduciary Advisors, LLC ("GFA") is an SEC Registered Investment Advisor that provides retirement, investment advisory, discretionary/named and independent fiduciary services. GFA is a limited liability company with Gallagher Benefit Services, Inc. as its single member. GFA may pay referral fees or other remuneration to employees of AJG or its affiliates or to independent contractors; such payments do not change our fee. Securities may be offered through Triad Advisors, LLC ("Triad"), member FINRA/SIPC. Triad is separately owned and other entities and/or marketing names, products or services referenced here are independent of Triad. Neither Triad, Arthur J. Gallagher & Co., GFA, their affiliates nor representatives provide accounting, legal or tax advice. GFA/Triad CD (5390333)(exp122024)

BrokerCheck

For more information about our investment advisory services or to request the most current version of this relationship summary, please review our Client Relationship Summary or call our office at (212) 918-9685.