by Prof. Robert Bloink and Prof. William H. Byrnes
Each of the SECURE Acts contained important provisions designed to help taxpayers save for retirement. Notably, however, many of these features were not immediately available and have continued to become effective on a rolling basis in the years since the respective laws were enacted. Starting in just a few short months, many clients will have access to new and valuable retirement features that can help them maximize their retirement savings—especially once they’ve reached their “catch up” years. Taxpayers should pay close attention to the important new provisions that can work to their benefit as we approach the 2025 tax year.
Changes to Catch-Up Rules