Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Congress seemingly can't stop tinkering with the rules governing retirement plans in an effort to further encourage taxpayers to save for retirement and incentivize employers to offer savings opportunities to employees. The Securing a Strong Retirement Act dubbed the “Secure Act 2.0 recently passed Congress as part of the year-end omnibus spending bill. This course will focus on the main points of the Act affecting retirement plans for small businesses and taxpayer's future withdrawal requirements from their retirement plans. This course will provide a history of this legislation, a summary of its main provisions, and planning ideas for clients affected by the Act.
Publication Date: January 2023
Topics Covered
- Legislative History
- Required Beginning Date Changes
- Expanded Catch Up Contributions
- Automatic Enrollment and Escalation Rules for all Employer Plans
- Student Loan & ROTH Matching Contributions
- Expansion of Options for Part-Time Employees
- Changes for Retirement Plan Beneficiaries
- Planning Ideas for Clients
Learning Objectives
- Describe how the Secure Act and Secure Act 2.0 passed congress and their primary provisions
- Explain the new increased catch-up contribution rules
- Identify the potential tax impacts related to IRA withdrawals by participants and beneficiaries under the legislation
- Recognize how to recommend tax planning to clients and beneficiaries affected by the Secure Act and Secure Act 2.0
- Identify the changes affecting employer sponsored plans including automatic enrollment requirements and student loan repayment matching options
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Klaralee R. Charlton
Klaralee Charlton is a Partner at 3i Law in Denver, Colorado. She practices fiduciary tax, estate administration, and business transactional law. As part of her practice, she guides clients through the process of administering a loved one’s estate including the collection, valuation, management and transfer of assets including financial accounts, real estate, and business interests with a focus on minimizing estate and income tax liability. Klaralee also works closely with trustees of ongoing trusts to ensure compliance and prepares clients’ fiduciary income tax returns annually.
Klaralee has written and lectured on topics including estate and gift tax, fiduciary income tax reporting and U.S. regulations governing the valuation of small family businesses. She is an active member of the Colorado Bar Association, Tax Section and Adjunct Profession at the University of Denver, Graduate Tax Program.
She earned her J.D. in 2011 from the University of Utah, S.J. Quinney College of Law, her LL.M. in Tax Law from the University of Denver in 2013, and her B.A. in political science in 2009 from Bryn Mawr College. She is admitted to practice in both Colorado and Montana.