Article: An Opportunity to Redesign the SECURE Act 2.0

Albert Feuer (Law Offices of Albert Feuer) recently published an article, An Opportunity to Redesign the SECURE Act 2.0, Tax Management Compensation Planning Journal, 2023. Provided below is an abstract to the Article:

There has been much technocratic criticism of the SECURE Act 2.0’s elimination of catch-up contributions to 401(k) plans, 403(b) plans and 457(b) plans. This criticism disregards the effects of those catch-up provisions and those that increase the RMD. The SECURE Act 2.0 would better secure retirement equity if both those provisions were replaced by provisions that would help the tens of millions of workers struggling to accumulate adequate retirement savings. Moreover, more retirement equity would be created if SECURE Act 2.0 included more provisions to encourage better compliance with the retirement tax incentive rules including provisions to prevent those who violate the rules from benefitting from such violations.

https://lawprofessors.typepad.com/trusts_estates_prof/2023/04/article-an-opportunity-to-redesign-the-secure-act-20.html