Investment Update

JANUARY 2020

 

Your FP/CM Newsletter – January 2020

The SECURE Act Affects You!

THE FIRST MAJOR RETIREMENT LEGISLATION SINCE 2006
MAUREEN MATAMOROS, CFP®, MSM, Senior Financial Planning Advisor

 

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on December 20, 2019, and took effect January 1 of this year.

 

It’s the first major retirement-planning legislation enacted since 2006, and contains a number of provisions that you and your family will welcome. In addition, the Act may require you to take some immediate action!

 

In total, SECURE implements over 25 new retirement planning rules. Here we summarize some of the more important changes, and what they mean for you:

 

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