Save Big or Lose Out: How the Secure Act Could Make or Break Your Retirement Savings

Are you familiar with it the SECURE Act, and its update, SECURE 2.0? If you're not, maybe you should be. It was recently signed into law, and while it may sound boring, as we're about to explain, there are provisions in this bill that could make you richer. So, let's take a minute and see what's in this thing.

In this week's podcast, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is 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 country. He's poured over the contents of this bill and is ready to help us understand the key provisions.

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 here.

OK, let's dive in.

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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Changes to retirement saving

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

We talk about the main changes with our guest, and what you need to know about making the most of the approaches to investing. We also have some great articles on how to get the most from your retirement strategy.

• 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 savings strategy, we have plenty of resources designed to help you create a nest egg that will live after you're gone.

• 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 best-selling 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.

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