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Will You Be Impacted By The SECURE ACT?

Will You Be Impacted By The SECURE ACT?
2019 brought the second major piece of Congressional action in the past 24 months with passing of the SECURE Act (Setting Every Community Up for Retirement Enhancement).  Although not nearly as sweeping as the Tax Cuts and Jobs Act of 2017, the Secure Act of 2019 creates several updates to the rules around retirement plans in an effort to address the so-called retirement crisis.  As with most regulation, what regulation gives in one hand, regulation takes away with the other.  Here are few of the key changes that may impact you most:   Required Minimum Distributions (RMD’s) Pushed Back to Age 72 If you are only planning to take RMD’s to satisfy the IRS, this change is most welcome.  Mirroring current law, individuals reaching age 72 will still be able to delay their first RMD until April 1 of the year following the year for which they must take their...
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