Trust & Estate Attorney Steve Pitcock - Big Changes Coming for Family Retirement Planning
January 15, 2020
Q: Congress has passed a budget bill containing the SECURE Act — otherwise known as “Securing Every Community for Retirement Enhancement Act.” After being signed by the president, the SECURE Act will affect many families’ personal financial and retirement planning. What is the SECURE Act?
A: The SECURE Act is a new retirement law containing dozens of provisions affecting 401(k)s, annuities, IRAs and taxes. The bipartisan bill will change how individuals and families navigate financial and estate planning. Most provisions in the law took effect Jan. 1.