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6 Ways the SECURE Act May Impact Your Retirement

January 13, 2020

From the nextavenue website

The new Setting Every Community Up For Retirement Enhancement (SECURE) Act, just signed by President Trump, is the broadest piece of retirement legislation passed in 13 years. Ultimately, the law focuses on retirement planning in three key areas: 1) modifying required minimum distribution (RMD) (rules for retirement plans; 2) expanding retirement plan access and 3) increasing lifetime income options in retirement plans.

The most immediate impact of the bill will be felt by those nearing or in retirement. If you’re a saver or investor in your 50s or 60s, there are six ways the SECURE Act may affect you:

Earlier Retiree News post on the SECURE Act

Retirees should read both posts because the SECURE Act will affect all of you. For those with financial advisors, it’s time to contact them for a review of your financial plan – if they haven’t contacted you already.

From → Finance

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