An Independent Registered Investment Advisory

  • From our February 2020 Newsletter

    The SECURE Act was passed by Congress in December 2019. SECURE stands for Setting Every Community Up for Retirement Enhancement, but the more we investigate the specific law changes the less it feels like it is an "enhancement". When account owners of qualified plans including: IRA's, Roth IRA's, 401(k)'s, 403(b)'s, etc. pass away, non-spouse beneficiaries (children, grandchildren, trusts, etc.) inheriting these types of accounts must now distribute the money within 10 years. The SECURE Act eli…