Big changes ahead for small business owners, part time workers, people who have 529 plans, 401ks and IRAs. The SECURE act has many changes. Some good. Some not so good.

A few bullet points are:

-RMD age raised from 70 1/2 to 72

-529 to pay for student loans with some limitations

-tax credits for business owners to establish retirement plans

-part time worker may now qualify for company retirement plans.

-removal of “stretch IRA“ options for inherited IRAs.

Reply to this email at Jeremy@RiverbendWM.com with the sub line “SECURE”. I will email you when there is more clarity to theses changes.

As always, if you have any questions about anything, send me an email or give me a call.

Jeremy