A Meristem Family Wealth Whitepaper – The SECURE Act
The SECURE Act: Setting Every Community Up for Retirement Enhancement bill passed in December and became law on January 1, 2020.
This $1.4 trillion government spending package includes revisions to several key rules governing retirement accounts. Most will make saving for retirement easier, but others will make it less tax-advantaged to pass on retirement accounts to heirs. The SECURE Act also creates a path for more small businesses to offer retirement accounts and enhances birth, adoption, student loan, and 529 plan policy.
Read more below in our recent Whitepaper to obtain an understanding of these changes.