New Year, New Law Part 4: 4 Ways the SECURE Act Could Affect Your 401(k)

Here’s proof that funding retirement has changed: In 1970, 45% of private sector employees were covered by a pension plan.1 Now, 4% are covered.2 Though non-private sector employees still often have pensions offered to them, for private sector employees, pensions have largely been replaced by 401(k), IRAs, and similar retirement plans, and retirees must find a [...]

2020-05-13T02:22:31+00:00March 6th, 2020|Retirement Planning|

New Year, New Law Part 3: 4 Ways the SECURE Act May Make Saving for Retirement Easier

The Setting Every Community Up for Retirement Enhancement (SECURE) Act is a response to a changing retirement landscape: Americans are living and working longer, working part-time in retirement, and are less likely to have the option to rely solely on pensions. When personal savings must stretch further, it’s important for retirees to have a plan [...]

2020-05-13T02:19:26+00:00February 21st, 2020|Retirement Planning|

New Year, New Law Part 2: Time to Review Your Estate Plan

The Setting Every Community Up for Retirement Enhancement (SECURE) Act is one of the biggest pieces of retirement legislation to be passed in years. It will undoubtedly have a major effect on how many Americans approach retirement planning, and particularly estate planning. We’ve covered these changes previously, including focusing on the elimination of ‘stretch’ IRAs [...]

2020-05-13T02:11:43+00:00January 31st, 2020|Estate Planning, Retirement Planning|

New Year, New Law Pat 1: What’s in the SECURE Act?

Donald Trump ended 2019 by signing a 2020 spending bill that includes the Setting Every Community Up for Retirement Enhancement (SECURE) Act. It’s one of the biggest pieces of retirement legislation to be passed in years and it will undoubtedly have a major effect on how many Americans approach retirement and estate planning. Here is [...]

2020-05-13T02:08:28+00:00January 17th, 2020|Retirement Planning|