Recent changes…

The information contained in this course was accurate at the time of original publishing and the update that was made to include the provision of the 2018 tax changes.

The concepts in this course have stood the test of time.  How much you can invest and what the maximum you can contribute to various retirement plan structures, as well as, tax rates, change over time.  Some examples in this course will use numbers that are lower than the current maximum contribution level.  The concepts, however, remain the same.

The Secure Act

There were several significant changes that occurred as a result of the Secure Act passed in late 2019.

The first was the elimination of the “stretch” provision for non-spouse beneficiaries.  What once used to be the ability to “stretch” the required distribution over a non-spouse beneficiary’s lifetime, has now been reduced to 10 years (following the year of the date of death).  This still represents a significant planning opportunity.

The second major change as it affects this course is the age at which Required Minimum Distributions (RMDs) begin for most tax-qualified retirement plans…IRAs, 401(k)’s, etc.

What once used to be 70 ½ is now age 72.

I am a Master Elite Advisor who trains with Ed Slott.  I am providing some pertinent material regarding the updates here.  If you choose to work with a professional, you should include an Ed Slott Advisor in your interview process.  You can search for one in your area at www.IRAHELP.com.