Do You Have a Retirement Account? How a New Federal Law Could Impact Your Estate Plan
On January 1st, 2020, the Setting Every Community Up for Retirement Enhancement (SECURE) Act officially went into effect. The legislation, which garnered significant bipartisan support in both the House of Representatives and the Senate, was signed into law by President Trump last month. The law puts sharp new limits on the use of so-called 'Stretch IRAs'—which were long a popular estate planning strategy.
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