The Secure Act Will Change Retirement Policy. 6 Big Changes That Will Soon Become Law.

Now that the Senate has passed a sweeping spending bill to fund the federal government into next year and avert a shutdown, advisors are cheering a major overhaul of the rules around retirement savings that was included in the package.

The so-called Secure 2.0 Act, the successor to a landmark 2019 retirement bill, enjoyed broad support in the wealth management industry, with trade groups like the Investment Adviser Association and the Insured Retirement Institute lobbying for its passage. Here are the major changes:  

Raising…