One of the hardest parts about tax planning is keeping up with a tax code that is constantly changing. On December 29, 2022, President Joe Biden signed into law the Secure Act 2.0, which has significant changes affecting many aspects of tax planning and retirement planning. Among those changes are Required Minimum Distribution (RMD) ages,…
At the most basic level, the new law limits the amount of “fine print” and doesn’t allow investment advisers to trick investors or otherwise mislead them. As stated, advisers must look out for their clients’ interests first.