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There has been a major change in retirement planning, which may affect your estate plan. The Setting Every Community Up for Retirement Enhancement (SECURE) Act was officially signed into law on December 20, 2019.   The major changes of the Act include: Most inherited retirement plans are now subject to a 10-year mandatory payout (verses…

Dear Clients & Friends, There has been a major change in retirement planning, which may affect your estate plan. The Setting Every Community Up for Retirement Enhancement (SECURE) Act was officially signed into law on December 20. The major changes of the Act include: Most inherited retirement plans are now subject to a 10-year mandatory…

The SECURE Act may affect both your estate plan and your retirement planning needs. Although many experts thought the SECURE Act would pass in 2019, we will now likely need to wait until 2020 to see if the SECURE Act will come into effect. Here is a recently published article I found interesting: https://www.investmentnews.com/article/20191106/FREE/191109993/secure-act-frozen-by-trump-impeachment-inquiry