Ep 21: SECURE Act Brings Changes to Retirement Accounts

Attention has turned to the new SECURE Act to begin the new year and for good reason. This marks the first significant retirement legislation in years and it’ll be impacting both retirees and pre-retirees. What changes should you be planning for and what other considerations need to be made? That’s what we’ll be discussing on this episode.

 

Show notes and additional resources: https://www.baschrock-fg.com/podcast/ep-21-secure-act-brings-changes-to-retirement-accounts/ 

 

Today's rundown: 

0:32 – Everyone is talking about the SECURE Act to begin 2020.  

1:30 – Getting to Know Ben: What does your morning routine look like?

3:36 – How did the SECURE Act get passed?

4:47 – Ben thinks the RMD age might be the most significant change.  

5:54 – Are Roth conversions going to become a big part of planning now?

6:59 – The Stretch IRA going away is another big change.

8:47 – Do you feel this is a good thing?

10:42 – How do annuities factor in to this legislation?

11:48 – Anything else we need to know about the SECURE Act?

12:49 – It’s always best to read through everything yourself to get a better understanding.