The SECURE Act Passed. What Does That Mean for Financial Planning?

Posted on December 17, 2019

The government recently made major changes that impact how retirement plans are taxed. With the passing of the SECURE Act, advisors need to understand these new rules and how they will affect clients – the changes mostly go into effect in 2020.

Jamie Hopkins, ESQ., MBA, CFP®, LLM, CLU®, CHFC®, RICP®, and Director of Retirement Research at Carson, has been studying these changes for months – and he’s eager to help you learn the immediate financial planning effects this will have on three fronts:

  1. The bill has dozens of new laws, impacting 401(k)s, annuities, IRAs and taxes, so find out what major provisions passed in the bill.
  2. He’ll explain what changes may be required now that the age for RMDs was pushed from 70.5 to age 72. This could provide tax benefits to some and tax hurdles for others.
  3. He’ll go over the big change – the overhaul of the RMD timeframe for inherited accounts – which could have a major tax implications for your clients or their loved ones.

Join Jamie this Thursday, December 19th, at 3PM CT for the webinar. And be sure to stick around until the end so Jamie can answer your questions.