The Secure Act: How it will affect your retirement plan.
The Secure Act or THE SETTING EVERY COMMUNITY UP FOR RETIREMENT ENHANCEMENT ACT OF 2019 was passed in late-December and is effective as of January 1, 2020 (with some exceptions, we will discuss later.) In the coming weeks we will be discussing what the Secure Act is and how it is going to affect your retirement plan. Here are a couple of the biggest changes we will see: It changes the age at which you must start withdrawing from your IRA or retirement plan. It was age 70 ½ u