SECURE Act: Positive Changes and Notable Drawback
[wpvideo nLdiUv1f ] On December 20, 2019, President Trump signed a $1.4 trillion spending package called the Further Consolidated Appropriations Act of 2020, which included the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). The SECURE Act, which is effective January 1, 2020 is the most impactful legislation affecting retirement accounts in decades. […]
Yes, Inherited IRAs are Safe in Texas
Have you heard the rumor that inherited IRAs are not safe anymore? This rumor began spreading since June 12, 2014 when the Supreme Court of the United States released its opinion in Clark v. Rameker, 2014 WL 2608860 (U.S.) (13‐ 299). The Supreme Court’s decision limits some of the advantages a beneficiary receives when that beneficiary inherits retirement savings. Clark v. Rameker is important […]