Retirees Trying to Adjust to the SECURE ACT

Secure Act Changes to Retirement Plans

The most sweeping legislative tax or retirement reform in over a decade became active on January 1st, 2020. For some, it may help prepare for retirement, but for others, it may not have a positive impact at all. Those that will be hurt the most are likely those that don’t understand the new changes and how to adjust. As with any change, The SECURE Act may reveal new opportunities with a new retirement strategy.

Retirement Withdrawal Rates

During your working years, you’ve probably set aside funds in retirement accounts such as IRAs, 401(k)s, and other workplace savings plans, as well as in taxable accounts. Your challenge during …