
Secure Act 2.0—Rothification
During the last two weeks of 2022, the US Legislature passed what is known as SECURE Act 2.0. It has many provisions and complexities. But one of the biggest is the expanded use of Roth type savings provisions. We call it Rothification. From SIMPLE IRA plans, to catch up contributions, to electing Roth treatment of employer contributions, there are more opportunities than ever to take advantage of this provision. Let's dig in to the new Rothification provisions.