How the Secure Act Could Make or Break Your Retirement Savings

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If you’re not familiar with the Secure Act and its recently-passed update, the Secure 2.0 Act, you should be.

While these federal laws may sound boring, there are provisions in them that are need-to-know for everyone with any kind of retirement plan.

That’s what we’re going to learn about in this week’s podcast. Host Stacy Johnson is joined by financial journalist Miranda Marquit and producer Aaron Freeman. This week’s guest is Ed Slott, the founder of IRAhelp.com.

Ed is one of the top retirement planning experts in the United States. He knows the key provisions of the new Secure 2.0 Act, and explains everything in an entertaining way.

Remember, anything you hear on this podcast doesn’t constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn.

You can watch this episode below, or if you’d prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:

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Don’t forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.

Also, don’t forget to check out our podcast sponsor, Tellus, for the opportunity to supercharge your savings with an account backed by real estate. Use the code MONEYTALK and get a special APY for seven days with a $125 minimum deposit.

Changes to retirement savings

There have been a lot of changes to retirement savings in recent years, starting with the Secure Act of 2019, which began taking effect in 2020. The Secure 2.0 Act of 2022 updates some of the provisions from the original law and adds a few more.

In this podcast, we talked about the main changes and what you need to know about Secure 2.0. But we always have great articles on how to get the most from your retirement savings.

• 5 Fast Ways to Turbocharge Your Retirement Savings
• Over 50? Here’s How to Catch Up on Retirement Savings
• 4 Genius Ways to Protect Your Retirement Savings
• How to Add $1.7 Million to Your Retirement Savings
• How to Protect Your Retirement Savings After Quitting Your Job
• 7 Types of Retirement Savings Accounts
• The Pros and Cons of Dividend Stocks for Retirement Savings

Build wealth for the future

As you put together your retirement strategy, we have plenty of resources designed to help you create a nest egg that will provide plenty of gold for your golden years.

• 10 Amazing Ways to Build Wealth at Any Age
• 6 Clever Ways to Build Wealth Outside the Stock Market
• How Net Worth Tracking Makes You Wealthier
• 65 Tips for a Healthy, Wealthy and Happy Retirement
• How Trying to Time the Stock Market Destroys Your Wealth
• Can an Investment Policy Statement Make You 5 Times Wealthier?
• 28 Keys to Building Wealth — Even in Your 50s

Meet this week’s guest, Ed Slott

Ed Slott is a nationally recognized IRA distribution expert, television personality and bestselling author who has dedicated his life to educating Americans on the intricacies of IRAs.  He was named “The Best Source for IRA Advice” by The Wall Street Journal. Slott is the author of numerous highly acclaimed books, including his latest, “The New Retirement Savings Time Bomb” (Penguin Random House, 2021) and “Ed Slott’s Retirement Decisions Guide: 2022 Edition” (IRAHelp, 2022).

He has also hosted several public television programs, including his latest, ”Ed Slott’s Retirement Freedom!”, and is a professor of practice at the American College of Financial Services.

• Website

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About the hosts

Stacy Johnson founded Money Talks News in 1991. He’s a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She’s been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.