The Setting Every Community Up for Retirement Enhancement (SECURE) Act, and what is popularly known as Secure Act 2.0, have made big changes to retirement plans. Both acts were focused on strengthening retirement security, but they’ve also significantly changed the way you may leave qualified plans to your loved ones.
To rollover or not rollover a 401(k) sounds like a simple question. The answer, however, can be quite convoluted. Let's start breaking it down by addressing a few questions you should ask clients prior to rolling over a 401(k).