Your Money & Your Life Podcast

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SECURE Act Update Heading Into 2020

December 19, 2019

We’ve been keeping an eye on the SECURE Act for months now and recent legislation passed by Congress will make it effective starting in 2020. Get an overview of the adjustments and find out why Don believes this is the most important change to retirement accounts in nearly 15 years.

 

Show Notes and Additional Resources: https://doncashpodcast.com/podcast/secure-act-update-heading-into-2020/ 

 

Today's Rundown: 

0:27 – Christmas time is here!

1:52 – In the News: Congress passed a $1.4 trillion spending bill in December to avert a government shutdown. Included in this was the SECURE Act. Can you give us an update on what this means to listeners.

3:25 – We reviewed the SECURE Act earlier this summer but there hasn’t been much to update since then.

4:12 – The 3 biggest changes in the SECURE Act

5:20 – Some important notes to know.  

6:56 – Don sees some big problems potentially.

7:48 – Will everyone have to deal with these issues?

9:00 – The current tax code reverts in the year 2025 so the next few years are important.

10:21 – Cash Connection: I keep getting these fake emails from people claiming to be Nigerian bankers wanting to send me money. I know it’s fake but my friend opened an email that looked to be from American Express and ended up opening a link to a virus. How can I protect myself from all the scams out there?

15:25 – Getting to Know Don: Do you have any new year’s resolutions?