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CFP Board Releases New CFP® Exam Resource on The Secure 2.0 Act of 2022

January 12, 2024

CFP Board has released a new resource to help CFP® exam candidates, as well as CFP Board Registered Programs and exam-prep providers, prepare for questions related to provisions of the SECURE 2.0 Act of 2022 that are effective as of January 1, 2024, and will appear on subsequent administrations of the CFP® exam.

The twelve-page “CFP Board Key Elements: SECURE 2.0 Act 2022” guide, which is available online, focuses on aspects of the SECURE 2.0 Act that relate to items on CFP Board’s Principal Knowledge Topics list. They include:

  • The increase of required minimum distribution (RMD) age to 73
  • The indexing of IRA catch-up limit increases to inflation
  • A new workplace savings plan exception for certain emergency expense distributions
  • New allowance for employers to make additional nonelective contributions to SIMPLE IRA plans
  • Increases to contribution limits for SIMPLE IRA and SIMPLE 401(k) plans
  • A reduction in the excise tax on missed RMDs
  • Penalty-free domestic abuse distributions
  • Elimination of RMDs from the Roth portion of 401(k) plans

Each section of the new guide addresses one change under the SECURE 2.0 Act, identifies the related items from CFP Board's Principal Knowledge Topics list, assesses the change’s impact, offers related planning opportunities and considerations, and provides suggested learning objectives regarding the change.

Also included in the guide is analysis of several changes that were examined but await clarification before they will be tested on the CFP® exam. The comprehensive SECURE 2.0 Act legislation document was released by the Senate Finance Committee.

You can read more about the exam, find a full range of preparation tools and register for the exam here.

Read the Secure 2.0 Act 2022 Guide