Secure Act

brittanydoggett, Estate Planning, Trust & Probate, James L. Jacobson, John E. Clough, Joseph P. Mattera, Senney Says by Jeff Senney

Understanding the SECURE Act Effective January 1, 2020 is a new spending bill called the SECURE Act (Setting Every Community Up for Retirement Enhancement Act of 2019).  Prior to 2020, most participants were required to take RMDs (required minimum distributions) from employer plans or IRAs by age 70-1/2; however, for those who have not reached…