Update on the SECURE 2.0 Act Webcast [SEC2]

Subject:

Aug 20, 2024
Time: 12:30pm - 2:15pm
Taxation

Credit Hours:

2.00

Price:

Member: $120.00
Non-member: $150.00

Discussion Leader:

John M. Kilroy, CPA, CFP

John Kilroy is a managing member of iValue Financial Planning LLC, located in the Philadelphia, Pennsylvania area. John engages clients in financial and tax planning, as well as preparing tax returns for individuals, corporations, partnerships, estates, and trusts. John is a CPA and a CFP® practitioner. He is a 1979 graduate of Villanova University with a BS in Accounting. John is a member of the Pennsylvania Institute of Certified Public Accountants and the Financial Planning Association (FPA). Within the FPA, John has served as a board member of the Philadelphia Tri-State chapter and on its education and finance committees. John is an adjunct faculty member for the Temple University Certificate of Financial Planning Program. He is a frequent speaker and facilitator on tax and financial planning topics. John has been quoted in the Wall Street Journal, MarketWatch.com, and USATODAY.com. He has written for the Journal of Financial Planning, and is a contributor to Retirement Weekly. John has also discussed financial and tax planning issues on various radio outlets.

Full Description

Update on the SECURE 2.0 Webcast (SEC2)

August 20th, 2024 / 12:30 pm 2:15 pm

Live Webcast / Zoom

This course provides a comprehensive analysis of the SECURE 2.0 Act. The principal focus of the Act is to expand retirement coverage and increase retirement savings. As such, the Act has many important changes relating to IRAs and qualified plans. This legislation alters the landscape of retirement planning for taxpayers of all ages. Make sure you are up to date with the latest information available in order to effectively advise your clients on these important changes.

Major Topics:
- Automatic enrollment requirements for 401(k) plans
- Change in the credit for small employer pension plan startup costs
- $2,000 savers match
- Changes in pooled employer plans
- Multiple employer 403(b) plans
- Increase in age for required beginning date for mandatory distributions
- Indexing IRA catch-up limit
- Higher catch-up limit to apply at age 60, 61, 62, and 63
- Treatment of student loan payments as elective deferrals for purposes of matching contributions
- Application of credit for small employer pension startup costs to employers who join an existing plan
- Small immediate financial incentives for contributing to a plan
- Withdrawals for certain emergency expenses
- Starter 401(k) plans for employers with no retirement plans
- Improving coverage for part-time workers
- Recovery of retirement plan overpayments
- Tax treatment of IRAs involved in a prohibited transaction
- Clarification of substantially equal periodic payment rule

Learning Objectives:
- Understand the latest nuts and bolts rules on retirement for yourself and your accounting and finance clients
- Competently discuss the current state of retirement planning with your accounting and finance clients

Designed For: Any accounting and finance practitioner advising clients with respect to new pension and other changes brought about by the SECURE 2.0 Act

CPE Credits: 2, Taxation

Level of Knowledge: Basic

Prerequisite: None

Acronym: SEC2

Discussion Leader: John M. Kilroy, CPA, CFP