this is the ramsay call of the day part of the ramsay network well in the uh twilight uh the

in as twenty twenty two is coming to a close uh congress passed a massive spending bill of course um because that's what you should do if you're in Congress.

And, uh, but a good news is as a part of that, they also passed what is appropriately called

the secure act of 2022, 2.0. So what is the secure act 2.0? So what is the secure act 2.0? Well, it changes a bunch of things in your

retirement and a couple of things in your student loans as well. And a good blog at ramsysolutions.com

right now. Very good detail on this unpacked. If you want to get in there and really look at it

and plug around. I think we post those blogs on Facebook, too, if I remember, James.

But, George, I want to take a minute since that blog's out there, and you guys can go through it all and look at it in detail.

But for those of you that don't make it over the blog, let's hit the highlights.

Yeah, there's a ton in here that really help a lot of people with their retirement.

I mean, it's Secure Act stands for setting every community up for retirement enhancement.

So kudos to the marketing team that got to create that little acronym there.

Yeah, well, good luck with that part. But anyway, it's good, it's good updates. It's some things that

needed to happen. Yeah, So it's starting with required minimum

distributions. You'll hear these called RMDs. The age is rising to 73 instead of 72, which means you

have an extra year without the government tapping you to get some other cash. Yeah. Required minimum distributions

are your 401k, your Roth, or your traditional IRA Roth, your traditional IRAs, they require you to start

taking money out at a minimum schedule so they can tax it. And it used to be 70 and a half,

then it moved to 72, and with this it moves to 73. So you can leave your money alone and not

touch it till 73 now. That's good.

Next one. No more required minimum distributions from Roth 401Ks and Roth 403Bs.

So this one's interesting because you've already paid the taxes on it.

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