Craig Reid interviewed by PlanAdviser

A new guidance recently released by the Internal Revenue Service extends a requirement under the SECURE 2.0 Act. This new addition allows people whose prior year income from their current employer exceeds $145,000 to make any catch-up contributions as Roth for an additional two years.

Craig Reid, national practice leader of retirement and wealth for Marsh McLennan Agency, spoke with PlanAdviser to share his reactions to this news. He also explains what this means for clients and the retirement advisory system.

“Changes like this take time to implement,” Craig says. “It’s a multiple-step process that impacts various parts of the retirement plan. These changes give some time for people to adhere to these administrative changes.”

Read the full article in PlanAdviser.