The need for additional government revenue will pressure lawmakers to raise tax rates in the future.
The SECURE Act introduced an anti-abuse rule to prevent benefiting twice from taking IRA distributions and QCDs.
The SECURE Act brings significant changes to retirement accounts and introduces a new 10-year rule for inherited retirement assets.
The passage of this landmark legislation represents the most significant changes to the retirement industry since the Pension Protection Act (PPA) of 2006.
Year-end is an opportune time to offer a beneficiary review to ensure that accounts are up-to-date.