The newly-enacted Secure Act 2.0 is a comprehensive retirement reform package that seeks to improve the financial security of American families. It includes a range of provisions that expand access to workplace retirement plans, provide greater flexibility for retirees, and encourage long-term savings.
Retirees will benefit from the Secure Act 2.0 through provisions that ease the burden of required minimum distributions, allow penalty-free withdrawals from retirement plans for birth or adoption expenses, and provide for tax-free loans from retirement plans.
The Secure Act 2.0 is an important step forward in helping Americans save for retirement and providing more financial security in retirement.
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