You may have read in the news about the SECURE (Setting Every Community Up for Retirement Enhancement) Act that went into effect on January 1, 2020 and wondered if it will affect your retirement accounts. This Act makes some very significant changes to required minimum distribution (RMD) rules as related to Individual Retirement Accounts (IRAs) and other retirement plans, in addition to changes in other areas.
Some of these changes will affect the Internal Revenue Code, and will have an impact on your financial planning and other financial interests. Although there are some questions that will need to be answered in the future by the Department of the Treasury, you should be aware of the provisions that impact you.
Required Minimum Distributions:
As you can see, there are many new provisions that can affect your overall financial plan for your retirement years. Please let us know if you have any questions or would like more detailed information about the SECURE Act or would just like to discuss your financial needs. We appreciate the trust and confidence you place in us as we work toward pursuing your financial goals.
Stephen C. Houser, CPA, CFP®
After all, at the end of the day, it’s all about relationships
We can help plan for your financial future now, call Houser Financial Group 321.345.1145 or Email for your free financial consultation