MEDIA
| Jan 2020
What You Need to Know About the SECURE Act
By: SEIA
In recent years, and continuing throughout 2019, Congress has been rigidly divided across party lines, unable to pass much in the way of legislation. And with election-year battles on the horizon, it doesn’t appear as though gridlock will be letting up anytime soon. On December 20, 2019, however, as part of a $1.4 trillion spending package, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act[1] – the most sweeping set of changes to retirement legislation in more than a decade. While there are many important provisions in the Act (for both individuals and businesses), the following provides a highlight of key features that may likely impact many individuals:
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