"SECURE Act - Insights & Answers: Understanding the New Legislation"
at its Monthly Breakfast Meeting
Tuesday, March 10, 2020
8 am- 10 am
presented by
Angela Bender, CFP, and managing partner, AMJ Financial Wealth Management
On December 17, as part of a broader 2020 fiscal year appropriations bill, the U.S. Senate voted in favor of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. President Trump signed it into law on December 20.
There were some major changes under that Act, including:
lifting the age limit for traditional IRA contributions
elimination of the “stretch IRA”
required minimum distribution age has been raised to 72 if you reach 70 1/2 in 2020