Understanding The SECURE Act

2020-01-23

Are you right on the edge of taking RMDs and wondering what the recent changes due to the SECURE Act mean for you? We’ll explore the difference a few months could mean when it comes to taking RMDs under the new SECURE Act. Show notes and additional resources: https://thefinancialanswer.com/podcasts/understanding-the-secure-act-when-did-you-turn-70-5/ Today's rundown: 1:35 - The SECURE Act passed but is still a bit confusing when it comes to RMDs. 2:21 - Let’s play: This or That?

Show notes and additional resources: https://thefinancialanswer.com/podcasts/understanding-the-secure-act-when-did-you-turn-70-5/

Today's rundown:

1:35 - The SECURE Act passed but is still a bit confusing when it comes to RMDs.

2:21 - Let’s play: This or That?

3:19 - What’s the difference between being born at the beginning of the year and the second half of 1949 for RMDs?

7:07 - Fun fact: IRA and 401(k) rules were started in 1974, the same time Billy Joel and Bruce Springsteen started their careers.

8:43 - Make sure you check with your advisor to avoid the penalty of being wrong on your RMD age.

11:46 - Upcoming class: Retirement Planning Today will be held on February 4th and 11th.

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