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What's New In Financial World for 401k, 403b, Thrift Savings Plans and other Qualified Deferred Saving's Account
The Secure Act 2020 has just became law starting January 03, 2020. The retirement age to start paying RMD's has changed from age 70 1/2 to age 72, that's a good thing. But, there are many other issue that we have to contend with which is not so good. Below is a chart overview of the changes but the more difficult issue to remedy for your account would need a one-on-one consultation - its free in the Maryland, District of Columbia, and Virginia area.. If you are coming up on age 59 1/2, 70 1/2 or 72 and you want to know more about this issue. Reach out to our office will be glad help.