SECURE Act
In late December, the SECURE Act was signed into law. These are the top three changes you need to know. Top Three Things to Know for Individuals: 1. Required minimum distributions from your qualified retirement accounts now start at age 72, previously 70 ½ 2. Wavies penalty for pre-59 ½ plan distributions for an adoption or childbirth expenses 3. There is no longer an age cap for contributing to an IRA Top Three Things to Know for Businesses: 1. Tax credits are available for start-up retirement plans 2. Part-time employees can now be eligible for employer-based retirement plans 3. Deadline to adopt an employer-based plan now moves to the due date of tax return, including extensions, previously calendar year-end For more information and additional changes click here . Colloquium Asset Management, Inc. is a Registered Investment Adviser. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where...