Implications of SECURE Act 2.0 on Retirement Decumulation Strategies
Tuesday, December 13, 2022
12:30 PM – 1:30 PM PDT
Location: SCC: 6A
CE: 1 CFP CE Credit(s)
Level of Complexity: Intermediate
Session Description: The House version of SECURE Act 2.0 would extend RMDs from age 72 to 75. In this study, I explain why, even if retirees do not have to make withdrawals from their tax-deferred accounts (TDAs, like a 401(k)) in these three years, they should generally do so. The same logic pertains to a say 65-year-old retiree who does not have to make TDA withdrawals from age 65 through 71 under current law. I present a few scenarios where this Act would help retirees, but most retirees who neglect TDA withdrawals from ages 72-24 will impair their financial portfolio.
Learning Objectives:
Upon completion, participants will be able to explain why retirees should generally make tax-deferred account (TDA) withdrawals from ages 72 through 74 even if the SECURE Act 2.0 passes.
Upon completion, participants will be able to explain why making TDA withdrawals before RMDs begin will likely lower single individuals and their heirs lifetime income taxes and single individuals Medicare premiums.
Upon completion, participants will be able to explain why there is an even stronger case for married couples to make TDA withdrawals before RMDs begin.
.jpg "William Reichenstein, PhD, CFA photo")