Late in December 2019, Congress passed the Secure Act and according to the title of the Act, the idea is making more American’s retirement secure. When you get to the nuts and the bolts of how the legislation effects IRAs, you find a completely different story.
What do you need to know about the SECURE Act that passed in December 2019? A look at the changes to RMD’s and the “stretch” provision.
While I do believe our economy will be affected by this global scare, I do not believe it will be nearly as dramatic as it has been up to this point. Most market indicators are positive.
A traditional IRA is a way to save for retirement with tax-advantages.
Here are some facts to consider.
The Secure Act does many things; here is a list of the biggest changes.
Understand your employer-sponsored plan! Before you can take advantage of your employer’s plan, you need to understand how these plans work.
Taxes can take a big bite out of your total investment returns, so it’s helpful to look for tax-advantaged strategies when building a portfolio.
It’s that time of year again! Time to look at your IRA contributions and plan for the best retirement savings strategy.
“Doing nothing” can be good; however you can’t “do nothing” about your money. Being proactive with your financial plan, and thoughtfully deciding what you want and need from your retirement nest egg may help you to better understand what your long-term financial goals truly should be.
Even the best pilot in the world needs help to get from point A to point B. No matter how long the pilot has been flying, he cannot see and know everything necessary from the cockpit. Air traffic control is always present to inform pilots of the things they can see; but which the pilot cannot.