General Rules
When did the Secure Act 2.0 rules affecting workplace retirement plan contributions take effect?
January 1, 2026
What is the penalty for failing to take RMDs?
25% of the amount not taken (was 50%)
What income year is counted toward the Secure Act 2.0 change?
2025
When can 529 assets be converted to Roth?
After 15 years
What is the change to RMD age?
What if a corrected tax form (for a missed RMD) is submitted, what is the penalty then?
10% if corrected within 2 years
What type of income is used to determine the income level?
FICA
What is the lifetime aggregate amount of 529 to Roth?
$35,000
What age demographic will be impacted by the Secure ACT 2.0 Changes?
Those who qualify for catch-ups (50+ and 60-63)
Are RMDs required from a Roth in an employer sponsored plan?
No, as of 2024
Is FICA combined across multiple employers?
No, $150k must be met with a single employer, not combinable
Are there are any limits to 529 to Roth conversions?
Yes, same as annual limits of the beneficiary
What is new about the catch-up contributions in employer-sponsored plans for this year?
Contributions must be made as a Roth for higher income earners
What is the catch up and super catch-up amounts for 2026?
50+: Catch-up is $8k, up from $7,500
60-63: Super catch-up $11,250, no change from last year
At what income level must catch-up contributions be made to a Roth 401(k)?
$150k+ (Box 3 of W2); adjusted for inflation
What is required before a Roth conversion can be made from a 529?
Transfers must be made from contributions that were made at least 5 years prior to the conversion into a Roth