Planned Solutions

In this episode of the Planned Solutions Incorporated Podcast, the passing of the Secure Act 2.0 has made several changes to the rules governing retirement accounts. Among these changes is the change in the Required Minimum Distribution (RMD) rules which extend the age at which retirement account owners will need to take distributions to age 73 in 2023. The Secure Act 2.0 also solidifies and expands the rules related to Qualified Charitable Distributions (QCDs) which allows for direct contributions from taxable retirement accounts to a qualified charity. Also, There have been a lot of changes to student loan rules over the past few years which may not have been front of mind for borrowers subject to the payment forbearance. Therefore, 2023 may be a good year for student loan borrowers to review their student loan options, recertify their income for Income-Driven Repayment plans, apply for student loan forgiveness, and explore new tax-free student loan payment options. And, The Secure Act 2.0 has created