Do you own an IRA, 401(k), 403(b), 457, Thrift Savings Plan, or some other qualified or pre-tax retirement account? If so, read on.
On December 20, 2019, President Trump signed the SECURE Act into law. This stands for Setting Every Community up for Retirement Enhancement Act. What follows are some of the changes that will impact many retirement account holders. Some people say there are pros and cons to the Act; like most things, it can easily be viewed that way. More important, however, is to understand the changes in order to plan appropriately around each.
Required Minimum Distributions (RMDs) have […]
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