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18 05, 2020

Changes to Stretch IRAs Under the New SECURE Act

By |2020-06-13T21:18:58-07:00May 18th, 2020|Categories: IRAs, Retirement Planning, Tax Diversification, Tax News|Tags: , , , , , |0 Comments

When the Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted on January 1, 2020, it implemented some of the most significant changes to retirement plans that have been made in over a decade. One of these changes came as a disappointment to many IRA owners: the requirement that non-spousal beneficiaries of “stretch

14 05, 2020

Tax Credits Reward Businesses That Offer 401(k)

By |2020-06-13T21:23:52-07:00May 14th, 2020|Categories: IRAs, Tax News|Tags: , , , , |0 Comments

New and significantly expanded tax credits offer small businesses incentives to launch and offer qualified retirement savings plans for employees. A majority of Americans lack the savings to retire comfortably; one quarter of adults have no pension or retirement savings at all, according to the Federal Reserve. With both public pension funds and Social Security

11 05, 2020

New Rules Add Flexibility for Retirement Distributions

By |2020-06-13T21:29:57-07:00May 11th, 2020|Categories: IRAs, Retirement Planning, Tax Diversification, Tax News|Tags: , , , , , , |2 Comments

If you are 70 or about to hit that milestone, you’ve just gained more options in managing your retirement income. As of January 1, 2020, you can now delay taking required minimum distributions (RMDs) from retirement savings until age 72. Previous rules required distributions after age 70.5 from IRAs or employer-sponsored retirement plans such

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