The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on December 20, 2019. The Act contains several changes that will affect employers/plan sponsors as well as individual retirement savers. This preliminary summary is subject to change based upon additional interpretative guidance and “implementing regulations” it directs from Internal Revenue Service and Department of Labor (DOL).
Please feel free to contact us if you would like to discuss how these changes may impact you.
This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.
Securities offered through LPL Financial, member FINRA & SIPC. Investment advice offered through Global Retirement Partners, LLC (GRP) a registered investment advisor. Washington Financial Group and Hub International are separate and unaffiliated with LPL Financial.