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The Licensed Monetary Planner Board of Requirements has revealed a brand new set of examination prep sources to assist advisors rise up to hurry with vital provisions of the Setting Each Group Up for Retirement Enhancement 2.0 Act, particularly these taking impact this 12 months.
As famous within the CFP Board’s announcement, key components of the Safe 2.0 Act grow to be efficient in 2024 and can be included in subsequent CFP information and competency exams.
Newly stay provisions embody Part 115 of the Safe 2.0 laws, which allows people to take as much as $1,000 per 12 months in penalty-free withdrawals from their retirement financial savings for emergency bills, in addition to Part 110, which is targeted on coordinating retirement financial savings and pupil mortgage compensation.
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