from the Desk of Brian Bickett, CFP®
This week’s financial article reviews some of the potential drawbacks of the SECURE Act of 2019 to beneficiary investors – in it’s current form, as it passed the House. It has not as of yet been passed thru the Senate or signed into law by the President. And it is highly likely that if and when the SECURE Act of 2019 is signed into law that it will be in a slightly different form than it’s current state.
While it is important to keep up-to-date on potential regulation changes and their impact to clients, the financial advice I provide is based upon current regulations and laws. Once a new regulation or law is officially put into place, it is then that plans are reviewed and recommendations adjusted in response to the new regulation or law. It would not be prudent on my part, nor beneficial to clients, to recommend adjustments based on every proposed potential regulation or law.
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The House passed the SECURE (Setting Every Community Up for Retirement Enhancement) Act of 2019 back in May and it is currently hung up in the Senate. While it’s likely to pass and be signed into law with slight modifications, it includes reducing the duration that inherited IRA’s can be stretched down to 10 years.
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Summary of the 2019 Social Security Trustees' Report Article written by Brian Bickett Earlier than in the past, the Social Security Board of Trustees released their annual report at the end of April this year. The report for 2018 spans 270 pages that go...
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