New Legislation: What is the Secure Act 2.0 & What Does it Mean for You? – Episode 23

We’ve got you covered as new legislation has been passed which will take effect in 2024. This includes the Secure Act 2.0, which has over 90 provisions that could affect your taxes and financial plan.

In this solo episode, Kendall will let you in on the major changes from this legislation and how that could impact you today!

Because there are so many changes with this legislation, both big and small, be sure to meet with your financial advisor to see what these changes mean for you specifically.

We hope this episode is a support to you as you plan for your financial future. Thank you for watching and listening!





Key Takeaways:

1) You will need to opt-out instead of opt-in to employer retirement plans. The Secure Act 2.0 has made it mandatory for employees to be enrolled in the company retirement plan. You can still opt-out, but you will have to let your employer know. This automatic enrollment also includes a mandatory 1% increase each year.

2) Minimum distribution age increased to 73. This has taken effect as of January, so if you were planning on starting your required minimum distributions this year, you should meet with your financial advisor as the age has increased and you may no longer have to.

3) Student loan payments will make you eligible for a 401(k) match from your employer. If you are just entering the workforce out of college, you know how hard it can be to save for retirement while still paying for your student loans. Starting in 2024, your student loan payments may be eligible for a match into a 401(k) paid for by your employer. There are a lot of rules and disclaimers, so be sure to check with an advisor on how to take advantage of this benefit!

Connect with Us

Thank you so much for listening to this episode of Your Retirement Blueprint! If you’ve enjoyed this episode, we’d love it if you checked us out so you don’t miss a future episode of the show.

Connect on YouTube

Listen on Apple Podcasts

Listen on Spotify

Subscribe via Email


The show is also available on all other major podcast platforms and new episodes will be listed right here on our website!


Insurance products are offered through the insurance business 210 Financial. 210 Financial is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser. AEWM does not offer insurance products. The insurance products offered by 210 Financial are not subject to Investment Advisor requirements. AEWM and 210 Financial are not affiliated companies.

All investments are subject to risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Any references to guarantees or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. 1696770-2/23 

Ready to Take The Next Step?

For more information about our comprehensive financial planning process, schedule a meeting or register to attend an event.

Or give us a call at 309.263.1333