The SECURE 2.0 Act, was similarly enacted at year-end on December 29th, 2022. The legislation seeks to reform how Americans prepare for retirement while juggling current spending needs. Following is an overview of its key components.

There are many planning strategies you can take before the year ends to help potentially reduce your 2022 tax liability and maximize your financial plan as we move into 2023. Most investment-related strategies must be complete by December 31, 2022, so it is important to act now.

The IRS's Rule 72(t) allows for penalty-free withdrawals from an IRA or other specified tax-advantaged accounts. If you need to access retirement funds early, here's how you can do so without facing the 10% withdrawal penalty and income tax.

If you're planning a Roth conversion or evaluating the tax implications of Roth contributions, consider the barbell strategy for your retirement planning.