Break In:
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
December 2019 Podcast Video, Financial Planning and Capital Market Update – By John Kvale
Hello and Welcome to our December 2019 Financial Planning and Capital Market Update!
If you are too busy to read, feel free to listen as we describe our post and thoughts in friendly podcast audio format as well as Video!
Newbies –
We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets and current events!
December – 2019 Video
Financial Planning Tip (s) –
SECURE Act is Signed at the Finish Line of the Year
As mentioned here in our preview post, with a stroke of a pen on the Saturday before the Christmas week, the SECURE ACT (Setting Every Community Up for Retirement Enhancement) – Wow that is a mouthful!
The Biggies:
Tons of planning techniques and lots more to the law, but these again are the biggies!
Capital Market Comments –
FED Pauses and Markets Yawn… Finally
The FOMC (Federal Open Market Committee) led by Jerome Powell and company, FINALLY were able to not lower rates and market participants accepted it… Shhh, lets keep it our secret..haha
Happy 2020!
Have a Great Day – Talk to you at the end of January!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
street-cents
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Posted in Economy, FOMC, General Financial Planning, Interest Rates, Investing/Financial Planning, Market Comments, Monthly Review, Podcast, Tax Related, Video
Tagged Fed Funds Rate, FOMC, House Committee On Ways and Means, Secure Act