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

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-Approved Secure 2. Webinar for Economical Advisors on Thursday, Jan 12, 2023 at 1 P.M. EST

SHELTON, Conn., Jan. 3, 2023 /PRNewswire/ — RightCapital, the quickest-increasing financial arranging computer software* for economic advisors, unveiled a computer software update currently to include crucial provisions in the Safe 2. Act of 2022.

The Location Every Neighborhood Up for Retirement Improvement (Safe) 2. Act was signed by President Joe Biden on Dec. 29, 2022. From Expected Bare minimum Distribution (RMD) age, catch-up contribution restrictions within just workplace retirement plans, and Roth accounts, Protected 2. introduces new arranging possibilities to help American homes conserve much more toward retirement.

RightCapital has introduced the adhering to updates to its fiscal preparing computer software system to make it seamless for economic advisors to deliver the most exact, up-to-date money strategies for their consumers:

  • Necessary Minimum amount Distribution (RMD) — Powerful Jan. 1, 2023, the RMD age has been elevated to 73 for people born amongst 1951-1959, and to 75 for those born in 1960 or later.
  • Roth 401(k) RMD — Starting in 2024, RMDs are no more time required from Roth 401(k) accounts.
  • Capable Charitable Distribution (QCD) — Starting in 2024, the most yearly QCD of $100,000 will be indexed for inflation.
  • 401(k)/Very simple IRA Capture-Up Contributions — For 401(k) plans, the catch-up contribution restrict for people whose age is 60-63 in 2025 and later on will be amplified to $10,000. For Straightforward IRA ideas, the capture-up contribution limit for people whose age is 60-63 in 2025 and later on will be greater to $5,000. RightCapital will make even further changes to the catch-up contribution boundaries as a lot more facts develop into available.

RightCapital will be releasing supplemental Safe 2.-linked modifications in the coming months. To learn far more, observe our Secure Act 2. updates.

No cost Webinar for Monetary Advisors: Economical Organizing with Protected Act 2. (Authorised for 1 CFP CE Credit history)
RightCapital will be internet hosting a free of charge webinar on Thursday, Jan. 12, 2023, at 1 p.m. EST to assist money advisors leverage new arranging prospects introduced by Protected 2.. Advisors will achieve an being familiar with of the key modifications involved in Protected 2. and how to utilize them in their arranging exercise to produce additional worth to their clientele. The session will also illustrate how to engage purchasers and potential clients all around tax planning, together with new prospects associated with Roth conversions and tax-productive financial savings procedures. This webinar is open up to registered economical advisors only.

Indication up below:  https://sign up.gotowebinar.com/register/3552050806970859350

About RightCapital 

RightCapital’s mission is to generate Proper Ideas for Authentic People™. RightCapital is applied by countless numbers of economical advisors to improve their procedures and established their consumers on the path to fiscal good results. Launched in 2015, RightCapital is the quickest-expanding monetary organizing computer software with the greatest user fulfillment among advisors*. Our fashionable, intuitive capabilities make the fiscal organizing approach a breeze. From interactive retirement scenarios and tax-successful distributions to insurance plan analysis, scholar personal loan management and estate preparing, we simplify the complexity of financial arranging so anyone can have an understanding of how to plan for their upcoming. For extra facts check out www.RightCapital.com

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

Resource RightCapital Inc.