Setting Every Community Up for Retirement Enhancement Act (SECURE Act) would be the first real major retirement legislation since the Pension and Protection Act of 2006 and is expected to make it through the Senate during this current term.
Forbes discusses the 8 major ways this can impact your retirement plan. For those nearing or in retirement, the two biggest changes would be the increased age for Required Minimum Distributions and the removal of the “Stretch” Inherited IRA provisions. These are just a couple of the 29 acts and provisions.
At Merlak Tax, we are committed to keeping you informed.
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This article is for informational purposes only and does not reflect the opinions of Merlak Tax.
Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Carla J. Merlak/Merlak Tax Advisory Group, Inc. are independent of each other.