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The Good, the Bad, and the Ugly of the SECURE Act of 2019

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The Good, the Bad, and the Ugly of the SECURE Act of 2019

The SECURE Act of 2019, a bill passed on May 23, 2019, by the United States House of Representatives, proposes significant changes that will surely affect current and future retirees.

In this episode, Rey Descalso examines The SECURE Act’s proposed changes and gives you his verdict for each one — will the change be good, bad, or ugly for retirees?

In this episode, you’ll learn:

  • What a lifetime income choice is
  • How the increase in the required minimum distribution (RMD) age affects the amount of time an individual has to convert to a Roth IRA
  • The advantages to having the age limitations on IRA contributions removed
  • How new parents may benefit from a new distribution provision
  • And more!

Tune in now to get a clear understanding of The SECURE Act’s proposed changes!

Resources:  Privada Wealth Management

Related: Is Your Holy Grail for Investing a Myth?

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