Impact of the SECURE Act on 401(k) Plans

Overview

The SECURE Act was drafted to assist in saving and investing for retirement. To that end, it contains a number of provisions to:

  • incentivize retirement planning,
  • diversify the options available to savers, and
  • increase access to tax-advantaged savings programs.

This course presents an overview of the legislation, focusing on the key provisions of the laws and regulations that have changed concerning 401(k) plans, including IRAs.

Learning Objectives

Upon completion of this course, you should be able to:

Describe the major provisions of the SECURE Act, including:

  • The implications of removing the age limit for IRA contributions
  • How the Act has affected required minimum distributions (RMDs)
  • The tax credits incentives to employers regarding 401(k) or SIMPLE IRA plans
  • How employers may benefit part-time employees from the Act
  • How new parents, biological and adoptive, benefit from the Act
  • How the elimination of ‘Stretch’ IRAs effects beneficiaries
  • The incentives for employers to include more annuities in 401(k) plans
  • The new options for safe harbor 401(k) plans

Designed For

Registered Representatives and Investment Advisers 
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