How to Leave a Legacy After the SECURE Act
by Tony Drake, CFP®, Investment Advisor Representative, Founder & CEO, Drake & Associates
Feb 24, 2020
2 minutes
The SECURE Act is the most significant legislative action impacting our retirement system in more than 10 years. It affects everything from the withdrawals we're required to take from our retirement accounts to the way we pass down our wealth to the next generation.
Here are a few of the biggest changes:
- More part-time workers will now have access to a 401(k) plan.
- New parents younger than 59½ can now withdraw up to $5,000 from retirement accounts for birth or adoption
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