RightCapital Adds SECURE Act 2.0 Updates to its Leading Financial Planning Software Platform for Financial Advisors

Indication Up for RightCapital’s Free of charge CFP® CE-Accepted Secure 2. Webinar for Economic Advisors on Thursday, Jan 12, 2023 at 1 P.M. EST

SHELTON, Conn., Jan. 3, 2023 /PRNewswire/ — RightCapital, the quickest-increasing money organizing computer software* for economical advisors, launched a software package update nowadays to include important provisions in the Secure 2. Act of 2022.

The Environment Each Local community Up for Retirement Enhancement (Secure) 2. Act was signed by President Joe Biden on Dec. 29, 2022. From Required Bare minimum Distribution (RMD) age, catch-up contribution limitations inside workplace retirement strategies, and Roth accounts, Protected 2. introduces new organizing chances to aid American homes preserve additional towards retirement.

RightCapital has released the next updates to its money arranging program system to make it seamless for economical advisors to provide the most accurate, up-to-date financial ideas for their clients:

  • Demanded Minimal Distribution (RMD) — Productive Jan. 1, 2023, the RMD age has been raised to 73 for people today born between 1951-1959, and to 75 for those born in 1960 or afterwards.
  • Roth 401(k) RMD — Commencing in 2024, RMDs are no extended required from Roth 401(k) accounts.
  • Certified Charitable Distribution (QCD) — Beginning in 2024, the optimum annual QCD of $100,000 will be indexed for inflation.
  • 401(k)/Uncomplicated IRA Capture-Up Contributions — For 401(k) designs, the capture-up contribution restrict for folks whose age is 60-63 in 2025 and afterwards will be improved to $10,000. For Simple IRA plans, the catch-up contribution restrict for folks whose age is 60-63 in 2025 and later on will be increased to $5,000. RightCapital will make further adjustments to the capture-up contribution boundaries as a lot more details turn out to be obtainable.

RightCapital will be releasing added Secure 2.-linked changes in the coming months. To study much more, adhere to our Secure Act 2. updates.

Cost-free Webinar for Monetary Advisors: Financial Organizing with Protected Act 2. (Authorized for 1 CFP CE Credit score)
RightCapital will be web hosting a cost-free webinar on Thursday, Jan. 12, 2023, at 1 p.m. EST to help money advisors leverage new arranging prospects introduced by Safe 2.. Advisors will attain an understanding of the key variations incorporated in Protected 2. and how to use them in their planning apply to supply additional worth to their shoppers. The session will also illustrate how to engage purchasers and prospects all-around tax planning, including new chances related with Roth conversions and tax-effective cost savings tactics. This webinar is open to registered monetary advisors only.

Signal up below:  https://register.gotowebinar.com/register/3552050806970859350

About RightCapital 

RightCapital’s mission is to produce Suitable Strategies for Actual People™. RightCapital is employed by hundreds of monetary advisors to improve their methods and set their consumers on the path to money results. Established in 2015, RightCapital is the quickest-escalating fiscal organizing program with the best person gratification amid advisors*. Our contemporary, intuitive capabilities make the money preparing process a breeze. From interactive retirement eventualities and tax-successful distributions to insurance policies analysis, pupil mortgage administration and estate scheduling, we simplify the complexity of economic organizing so everyone can comprehend how to approach for their upcoming. For additional information pay a visit to www.RightCapital.com

*Resource: The Kitces Report Volume 1, 2021 and Volume 1, 2020 

Supply RightCapital Inc.