Welcome to Beckley and Associates! In this blog post, we will discuss the recently passed Secure Act 2.0 and its potential impact on your financial future.

Join us as we delve into the key provisions of this game-changing legislation.

RMD Age Increases: Planning for Retirement

One of the significant changes brought about by the Secure Act 2.0 is the increase in the Required Minimum Distribution (RMD) age. As of January 1st, 2023, the RMD age will rise from 72 to 73.

This means that individuals can delay taking minimum distributions from their retirement accounts until they reach the age of 73.

Additionally, in 2033, the RMD age will further increase to 75, providing even more flexibility for retirement planning.

Ketchup Contributions: Boosting Savings

For taxpayers between the ages of 60 and 63, the Secure Act 2.0 offers an exciting opportunity to enhance their retirement savings. The legislation allows for increased “ketchup contributions” above the regular limits.

Currently, the ketchup amount for 401(k) accounts stands at around $6,000 to $7,000 and $1,000 for IRAs.

With the new provisions, individuals in the mentioned age range can add an additional 50% to their regular ketchup contributions, empowering them to turbocharge their savings efforts.

Employer Match for Roth 401(k)s: A Valuable Advantage

Another noteworthy provision of the Secure Act 2.0 is the option for employers to offer matching contributions to Roth 401(k)s, similar to regular 401(k)s.

This means that the employer match can now be directed towards a Roth 401(k), which presents a significant advantage.

Roth 401(k)s provide tax-free withdrawals in retirement, offering greater flexibility and potentially higher after-tax income during your golden years.

Maximizing 529 Savings: A Path to a Roth IRA

Families with leftover funds in their 529 savings plans will be pleased to know that the Secure Act 2.0 allows for a new opportunity to optimize their savings.

Starting in 2024, individuals can transfer up to $35,000 from their 529 plan to a Roth IRA over their lifetime. This move enables potential tax advantages and additional flexibility when it comes to funding education expenses or using the funds for retirement purposes.


The Secure Act 2.0 introduces several key provisions aimed at securing your financial future.

From an increased RMD age and enhanced ketchup contributions to employer matches for Roth 401(k)s and maximizing 529 savings, these changes offer valuable opportunities for individuals to optimize their retirement planning and savings strategies.

To fully understand how these provisions may impact your specific situation, we encourage you to contact Beckley and Associates.

Our team of financial experts is ready to provide personalized guidance tailored to your needs. Secure your financial future today with the Secure Act 2.0!