The SECURE Act (Setting Every Community Up for Retirement Enhancement) was signed into law Dec. 20, 2019. With it came significant changes to the retirement planning landscape. This article provides an overview of the Act sections that may impact your retirement planning choices.
Here are some of the items covered in the full article:
- No more Inherited Stretch Provision (generally)
- Required Minimum Distributions (RMDs) to begin at 72
- Elimination of age limit
For more information please contact:
Holland Rajaniemi, Associate Financial Advisor
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The Representative is neither a tax advisor nor attorney. For Information regarding your specific tax situation, please consult a tax professional. For legal questions, including information about estate planning, please consult your attorney.