An Eagle-Eyed Look at the SECURE Act

In this episode of the Eagle's Nest: Jason McBride and Bruce Larsen go over the recently passed SECURE Act (December 2019) and discuss how the new changes, exemption, and regulations could impact retirement plans and financial situations.

Your podcasters

Jason McBride

Bruce Larsen

Presidential Wealth Management has been tracking the “Setting Every Community Up for Retirement Enhancement” Act, known as the SECURE Act since it was approved by the House in May. Congress added it to the year-end spending bill that was approved by the House on December 17th and by the Senate on December 19th. President Trump signed it on December 20th.

While it is called the SECURE Act, it is really a mixed bag of new regulations – some good and some bad. The main two aims of the legislation seem to be to encourage more retirement savings and to increase tax revenue the government derives from IRA distribution.

Jason McBride and Bruce Larsen pull out the magnifying glass and take a close look at the most significant changes and regulations. Here’s a spoiler: Jason is never a fan of increased regulation, but he finds some highlights in the Act. 

If you’re interested in a succinct overview of the key changes and provisions of the act, download our free copy of The Secure Act: What You Need to Know.

THE SECURE ACT:

What you need to know

While it is called the SECURE Act, it is really a mixed bag of new regulations – some good and some bad. The main two aims of the legislation seem to be to encourage more retirement savings and to increase tax revenue the government derives from IRA distributions. Whether you come out ahead is based on your individual circumstances. The Presidential SECURE Act guide outlines the key retirement savings provisions. 

We’re also holding a free Taxes in Retirement class in Parker (PACE Center), Arvada (APEX Fieldhouse), and Windsor (Windsor Rec Center) on February 6th (6:30 pm) and February 8th (10:00 am). Online registration will be available in the next few days, but if you are interested in signing up now, call 303-694-1600 and make your reservation.

You can also sign up for our newsletter to get the latest information on our upcoming classes, events and to get our latest articles and podcasts.

Jason McBride

Senior Vice President

Discipline, common sense, and adaptability characterize Senior Vice President Jason McBride’s approach to client care. His philosophy is that having a strategy and a plan are paramount to making progress in life, financial and otherwise.

Bruce Larsen

Senior Financial Advisor, NSSA®, Certified Estate Planner™

Bruce is a featured speaker at Presidential Wealth Management workshops and also provides continuing education to tax preparers.  Bruce is a certified National Social Security Advisor. He is the “go-to” guy in the office for federal benefits issues, pension analysis, estate planning and special needs planning for disabled adults and children.

Bruce is also a published author. You can find his book, A Concise Guide to Taxes in Retirement, on Amazon in print or e-book format. It’s a no-nonsense overview of common tax situations one might face in retirement. 

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The SECURE ACT

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FREE

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The Secure Act: What you Need to know

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