Six Key Retirement Changes of the Secure Act By Carol Schmidlin The Setting Every Community Up for Retirement (SECURE) Enhancement Act was signed into law by President Trump on December 20, 2019. This is the most extensive retirement act since the Pension Protection Act of 2006. Here are the six notable key retirement changes that […]
If you are charitably inclined and have an IRA, you might want to consider doing a Qualified Charitable Distribution (QCD) for 2020. In addition to the gift you are making to the charity, there are considerable tax advantages. Here are ten QCD rules you need to know. 1. Must be Age 70 ½ IRA owners […]
There are many risks in retirement, but, with today’s market valuation, one of the biggest risks is the potential for a market correction while you are drawing income from your retirement accounts. Academically, this risk is defined as sequence of returns risk; but, most people have no idea this is lurking around the bend as […]
Finally, after many years of disgruntled TSP participants facing severe limitations to accessing their retirement funds, the TSP Modernization went into effect September 15, 2019. If you are not yet familiar with the changes below is a summary: After separation of service: · You can take multiple partial withdrawals, not to exceed one every 30 […]