SECURE ACT looks to be passed at the last minute amid year end legislation…
We rarely comment on items that are not law, but the SECURE ACT (Setting Every Community Up for Retirement) is just a pen stroke by the President away from law, as both the House and Senate have approved.
Two Biggest Items of Secure Act (Many Others, but the following are the elephants):
- Delayed mandatory RMD until age 72 – Nice
- Non-Spousal Beneficiaries to IRA’s will only have 10 years to empty the account – Tax Acceleration here – will require planning
These laws, if passed will commence for actions occurring after 1-1-2020…
Back to our Regularly Scheduled Program….
Today is a Friday and with local schools only a half day, we will be adhering to the same schedule to help keep the streets safe…haha
Office Hours Over the Holidays
Each of us are taking time off over the next two weeks, but an attempt to not all be gone at the same time is always made…. there will be several days where we will all be out.
I always make myself available via the technology tether to let the others disconnect…
That being said, there are travels in the schedule as well!
So if a delayed response, it may be due to bad WiFi flight times….
Fun Pre-Scheduled Posts
Over the year, a few neat comments have caught the eye and will be shared over the Holidays!
Have a Great Holiday Season and talk to you in 2020!
John A. Kvale CFA, CFP