Just before the start of 2020, Congress passed the SECURE Act (Setting Every Community Up for Retirement Enhancement Act), the largest piece of retirement-related legislation in almost 15 years.
The SECURE Act contains 30 provisions that are designed to open up access to retirement savings plans, make it easier for small business owners to offer and operate a plan, and increase the benefits of doing so for employers.
The new legislation affects business owners and retirement savers alike; learn more about the SECURE Act and what it means for your retirement.
Overview of Key Provisions
SECURE Act Updates for Plan Sponsors
SECURE Act Updates for Workers
For a detailed overview of each SECURE Act provision and its effective date, click here or visit irs.gov.