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

Signal Up for RightCapital’s Cost-free CFP® CE-Authorised Safe 2. Webinar for Money Advisors on Thursday, Jan 12, 2023 at 1 P.M. EST

SHELTON, Conn., Jan. 3, 2023 /PRNewswire/ — RightCapital, the fastest-developing monetary arranging software program* for monetary advisors, launched a application update nowadays to integrate important provisions in the Secure 2. Act of 2022.

RightCapital Monetary Planning Computer software (PRNewsfoto/RightCapital Inc.)

The Setting Each individual Local community Up for Retirement Enhancement (Protected) 2. Act was signed by President Joe Biden on Dec. 29, 2022. From Required Minimum amount Distribution (RMD) age, catch-up contribution restrictions within office retirement strategies, and Roth accounts, Safe 2. introduces new preparing prospects to aid American households help you save additional toward retirement.

RightCapital has released the pursuing updates to its economic arranging software program platform to make it seamless for economic advisors to deliver the most precise, up-to-date financial options for their clients:

  • Required Minimal Distribution (RMD) — Productive Jan. 1, 2023, the RMD age has been raised to 73 for persons born in between 1951-1959, and to 75 for people born in 1960 or later on.

  • Roth 401(k) RMD — Commencing in 2024, RMDs are no lengthier expected from Roth 401(k) accounts.

  • Experienced Charitable Distribution (QCD) — Starting in 2024, the optimum yearly QCD of $100,000 will be indexed for inflation.

  • 401(k)/Very simple IRA Catch-Up Contributions — For 401(k) ideas, the catch-up contribution restrict for men and women whose age is 60-63 in 2025 and later on will be elevated to $10,000. For Very simple IRA ideas, the capture-up contribution restrict for people today whose age is 60-63 in 2025 and later will be amplified to $5,000. RightCapital will make more adjustments to the capture-up contribution limits as extra particulars develop into offered.

RightCapital will be releasing further Secure 2.-associated modifications in the coming weeks. To discover much more, stick to our Secure Act 2. updates.

Cost-free Webinar for Economic Advisors: Economic Arranging with Protected Act 2. (Accepted for 1 CFP CE Credit)
RightCapital will be internet hosting a free of charge webinar on Thursday, Jan. 12, 2023, at 1 p.m. EST to help economic advisors leverage new scheduling possibilities launched by Secure 2.. Advisors will get an comprehension of the crucial modifications included in Safe 2. and how to implement them in their organizing apply to deliver additional price to their clients. The session will also illustrate how to interact clients and prospective buyers about tax setting up, which includes new chances associated with Roth conversions and tax-productive price savings techniques. This webinar is open to registered economic advisors only.

Sign up in this article:  https://register.gotowebinar.com/register/3552050806970859350

About RightCapital

RightCapital’s mission is to make Proper Ideas for Authentic People™. RightCapital is used by countless numbers of money advisors to grow their techniques and established their consumers on the path to financial success. Started in 2015, RightCapital is the speediest-increasing economic preparing software program with the highest consumer pleasure amongst advisors*. Our modern-day, intuitive characteristics make the monetary preparing method a breeze. From interactive retirement scenarios and tax-effective distributions to insurance plan evaluation, university student financial loan management and estate preparing, we simplify the complexity of economic scheduling so any individual can fully grasp how to prepare for their potential. For a lot more information pay a visit to www.RightCapital.com.

*Supply: The Kitces Report Quantity 1, 2021 and Volume 1, 2020



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Resource RightCapital Inc.