Ensure you know how new laws and regulations may impact your clients' retirement and legacy planning. The Setting Every Community Up for Retirement Enhancement (SECURE) Act delivered some of the biggest legislative changes to America’s retirement system in over a decade. Its purpose
has two primary goals: 1) make it easier for individuals to save for retirement and 2) encourage businesses to offer retirement plans.
What You Need to Know
The SECURE Act is making sweeping changes to federal retirement law and taxation that will likely impact all American retirement savers in some way. It provides greater opportunity for Americans to save for a more secure retirement.
The SECURE Act makes several new policy changes impacting everything from small business access to retirement plans to RMD rules for individuals to modifications of beneficiary distribution options, such as “Stretch IRAs.”
Many of the impacts of the SECURE Act are still being reviewed and may also be subject to interpretations by the Internal Revenue Service or other government authorities as they are fully implemented. While more time will be needed to fully understand the complete impact of the SECURE Act, we’ve taken a moment to make some resources available that highlight the opportunities, and potential challenges, brought forth under the new Act.
Please take a moment to review these resources by clicking the link below, and
contact MVP if we can be of any assistance.
The SECURE Act: What You Need to Know
