Setting Every Community Up for Retirement Enhancement Act (SECURE Act)

New Federal legislation was enacted 12/20/2019 impacting everyone having individual retirement accounts (IRAs) or 401(k) accounts.  The new rules are effective in 2020 and eliminate the “stretch-out” of required minimum distributions by beneficiaries among many other changes.  James Beaudoin, tax partner with Squire and Company, will present details of the SECURE Act with planning considerations.  Everyone with retirement accounts over $500,000 should become aware of the changes as they impact estate plans.  His presentation will be given at noon on Wednesday, May 20, 2020, to the Salt Lake Estate Planning Council.  Advance registration is required and can be made by emailing the Council’s administrator at saltlakeestateplanningcouncil@gmail.com