The SECURE Act – What it means for your retirement and estate plans

Description

Abstract: The Setting Every Community Up for Retirement Enhancement (SECURE) Act is one of the most significant pieces of retirement plan legislation in years. In addition to affecting retirement planning strategies, the new law may also impact a person’s estate plan, especially if the beneficiaries will inherit IRAs or employer-provided retirement accounts. This article details the key changes in the SECURE Act and explains its impact on estate planning. A sidebar examines the new law’s benefits to small business owners.