Download This PaperSecure Act 2.0: A Missed Opportunity to Enhance Retirement Equity
51 Tax Management Compensation Planning Journal, No. 1 (January. 6, 2023), 64 TAX MGMT. MEMO. No. 2, 21 (January 16, 2023) Bloomberg Industry Group, Inc. (800-372-1033) www.bloombergindustry.com
10 Pages Posted: 11 Jan 2023 Last revised: 23 Feb 2023
Date Written: January 6, 2023
Abstract
SECURE Act 2.0, which was enacted on December 29, 2022, represents a missed opportunity to enhance retirement equity. The Act’s 92 provisions provide small new tax incentives to those American workers struggling to save for a comfortable retirement, larger tax incentives to those with few retirement concerns, more complex retirement tax rules, and weaken compliance rules that are primarily applicable to those with few retirement concerns.
Keywords: Retirement, Income, Pensions, Equity, Savings, Tax Incentives, Tax Expenditures, Secure Act 2.0, Secure Act, Tax Policy, Minimum Required Distributions, Required Minimum Distributions, 401(K) Plans, 529 Plans, Iras, Roth Ira, Participant, Beneficiary, Income Tax, Tax Deferral,
JEL Classification: I18, J26, J32, J33, K34, K39
Suggested Citation: Suggested Citation