The SECURE Act recently passed into law and affects almost everyone. We encourage you to listen to our podcast where we discuss some of the key issues: the Required Minimum Distributions (RMD) age has increased to age 72; removal of the age limit restricting IRA contributions; eliminating the ability to stretch tax advantages of inherited IRA’s; allowing 529 plan distributions to pay off student debt, up to $10k; distributions from 401(k) plans to help with costs relating to a child’s birth or adoption, up to $5k and without penalty; etc.
