The Setting Every Community Up for Retirement Enhancement (or “SECURE”) Act went into effect on January 1, 2020. Join this webinar to understand the changes in how they’ll impact your clients' retirement and estate plans. Due to the recent changes, Clients with IRA trusts might be affected due to outdated language and need to be updated as soon as possible since previous advice given by an attorney, accountant, or financial advisor is most likely outdated or incorrect and needs to be revised. Join this webinar to go through the significant changes and this webinar also covers key considerations including:
- 401(k)s for part-time employees
- IRA contributions for graduate students
- Penalty-free withdrawals for student loan debt
- Penalty-free withdrawals for birth or adoption
- Annuities in 401(k) plans
- IRA contribution age limits eliminated
- Required Minimum Distributions (RMDs) increased to age 72
- Elimination of the “Stretch” IRA