Tag Archives | SECURE Act
income tax free

Thank You, Ed Slott and Financial Advisor Magazine!

Thank you to America’s IRA Expert Ed Slott, CPA and to Financial Advisor magazine for hosting the incredibly informative June 9 webcast answering advisors’ questions on the 2020 retirement tax rules. Ed Slott, if you are not familiar with his name, is widely regarded by financial planners as the expert’s expert when it comes to […]

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Now You Can Use 529 Money To Pay Down Student Loans

A new provision in the recently passed SECURE Act may come in handy for parents who have a little extra money left in their kids’ 529 accounts. Under the new legislation, you can now withdraw up to $10,000 tax-free per 529 beneficiary to pay down a qualified student loan. Note that this is a once-in-a-lifetime […]

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2 Big Changes To IRAs You Need To Know About Right Now

You may have read that the SECURE Act made important changes to IRAs and other retirement accounts just a few days before year-end. But few people understand exactly how the changes will impact their IRA contributions and withdrawals in 2020, and which of those important changes take effect as of January 1, 2020. There’s a lot […]

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Capital Retirement

BREAKING NEWS: Big IRA Overhaul Expected This Weekend

A major IRA, 401(k), and retirement overhaul is expected this weekend, catching almost everyone in the financial and retirement affairs community by surprise. After months of inaction, Washington insiders expect Congress to pass the long-delayed SECURE Act. Retirees could see a total revamp of IRA and Required Minimum Distributions rules, some positive, some definitely negative. […]

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Capital Retirement

Changes To Your IRA On The Way? Not All Of Them Are Good

If it’s up to the Congress, there may be some major changes to your IRA before the end of the year. And not all the changes are good. The House has passed the SECURE (Setting Every Community Up for Retirement Enhancement) Act. It’s now up to the Senate to consider the bill, which has been […]

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