EPISODE · Feb 6, 2020 · 18 MIN
The SECURE Act Passed - Now What?
from Financial Choices Matter · host Charles Scott
After it simmered in Congress for a year, the SECURE Act is now law. If you have a retirement account of any kind, or will one day inherit a retirement account, this will affect you. Matt will hit the main points of this new bill and how it will change retirement planning. Show Notes: 0:58 - The SECURE Act 1:23 - Death Of The Stretch IRA 2:14 - Small Businesses And Retirement Plans 2:48 - Required Minimum Distribution Change 3:38 - 10 Year Window Eliminated 5:36 - Multiple Beneficiaries 6:41 - Trusts Cannot Be A Contingent Beneficiary For An IRA 8:49 - Life Insurance As An Alternative Solution 14:17 - Mailbag Question from Emily: "Did 401 (k) Contributions Go Up?"
What this episode covers
After it simmered in Congress for a year, the SECURE Act is now law. If you have a retirement account of any kind, or will one day inherit a retirement account, this will affect you. Matt will hit the main points of this new bill and how it will change retirement planning. Show Notes: 0:58 - The SECURE Act 1:23 - Death Of The Stretch IRA 2:14 - Small Businesses And Retirement Plans 2:48 - Required Minimum Distribution Change 3:38 - 10 Year Window Eliminated 5:36 - Multiple Beneficiaries 6:41 - Trusts Cannot Be A Contingent Beneficiary For An IRA 8:49 - Life Insurance As An Alternative Solution 14:17 - Mailbag Question from Emily: "Did 401 (k) Contributions Go Up?"
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The SECURE Act Passed - Now What?
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