Trusts and Estates Department Chair Susan L. King discusses The SECURE Act opportunities and pitfalls in the latest edition of 55 Plus Central New York magazine.
“On Dec. 20, Congress passed the SECURE Act (Setting Every Community Up for Retirement Enhancement Act of 2019). Buried in the appropriations bill Congress needed to pass to keep the government running, the SECURE Act follows through on a threat looming for years. In a nutshell, the SECURE Act eliminates the ability to stretch IRA and other retirement account payments over the life expectancy of non-spousal beneficiaries, with a few exceptions.”
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