Save and Secure

Contained in a $1.7 trillion federal spending bill signed into law in December, the SECURE 2.0 Act aims to boost tax-efficient retirement plan investing by business owners and employees. The provisions include tax incentives that could help veterinary practices attract talent and retain valued associate veterinarians and staff members. It also significantly changes how 401(k) and similar retirement plans operate.

We encourage practice owners to discuss the SECURE Act (Setting Every Community Up for Retirement Enhancement) with a certified financial planner, tax adviser and retirement plan representative.

Many of SECURE 2.0’s provisions are effective immediately. However, others won’t kick in until 2024 or 2025.

Learn more in our latest article in Today’s Veterinary Business. Click here to read it.