Dear U.S. Treasury Department and IRS…

Have you ever been seriously frustrated with how the Internal Revenue Service (IRS) interprets particular laws? We have, and recently submitted our first official Comment Letter to the U.S. Treasury Department and IRS with specific recommendations on how to significantly improve the required minimum distribution (RMD) rules after the SECURE Act: Click Image to Read [...]

2020-07-10T14:48:26-04:00July 9th, 2020|Blog, News, SECURE Act|

SECURE Act Q&A: What You Need to Know
(Updated May 8, 2020)

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted on December 20, 2019 and is now the law. While its primary goal was to encourage people to save more for retirement, it also attempts to cover the tax shortfall that will be caused by the Act’s taxpayer-friendly provisions, and that is where the problems arise.

2020-05-21T07:09:37-04:00April 27th, 2020|Articles, Estate Planning, News, Retirement Planning, SECURE Act|

SECURE Act Quick Assessment Tool
(Updated May 8, 2020)

What is this? This Quick Assessment Tool can be used to get a generalized answer as to how to deal with the Setting Every Community Up for Retirement Enhancement (SECURE) Act effects on your IRA and Qualified Retirement Plan (“retirement plan”) accounts under your estate plan (“EP”). We still recommend that you review both the Secure Act Q&A and Secure Act Self-Assessment Tool / Full Discussion documents to better understand the issues and the most viable options in your situation.

2020-05-21T07:08:07-04:00April 27th, 2020|Articles, Estate Planning, News, Roth IRAs, SECURE Act, Trusts|

SECURE Act Self-Assessment Tool / Full Discussion Version
(Updated May 8, 2020)

As you are likely aware, Congress enacted legislation on December 20, 2019, commonly referred to as the Setting Every Community Up for Retirement Enhancement (SECURE) Act, that significantly changed the income taxation of retirement plan accounts, including Individual Retirement Accounts (“IRAs”) and Qualified Retirement Plans (“QPs”), after the death of the account owner/participant (“participant”).

2020-05-21T07:18:53-04:00April 27th, 2020|Articles, Estate Planning, News, SECURE Act|