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At the end of 2019, The SECURE Act was passed by Congress and went into law on January 1, 2020. As more information has come out, some key questions keep recurring and we wanted to share with you answers to these key questions that could impact your personal and professional planning. We will discuss Required Minimum Distributions, Stretch IRA, Small Business Retirement Plans and some miscellaneous changes that might be of interest.
Required Minimum Distributions (RMDs)
Small Business Retirement Plans (defined as less than 100 employees earning $5,000 or more in compensation)
Other SECURE Act Updates
This is just the basic highlights of questions and answers that we have been seeing since this Act passed. We welcome the opportunity to delve deeper into a topic with you or answer further questions. Please contact our office at firstname.lastname@example.org or 734-294-0100 for more information.