The following article is a concise summary of the recently passed legislation to provide funds to individuals and small businesses as the country tries to weather through these difficult times. We would not be surprised to see additional help as businesses must stay closed longer than expected and non-essential workers that cannot work remotely continue to experience loss of income
Secure Act, changes to Retirement savings
Congress has passed legislation that will change the way Americans save for retirement. Increasing the Required Minimum Distribution age and eliminating the Inherited IRA gives us the opportunity to update financial plans and discuss strategies that may be prudent going forward.