secureact2

With the passage of the SECURE Act & SECURE 2.0 Act, Stretch IRAs are no longer an option. So, how should investors with an IRA manage this and what should beneficiaries do with their inherited IRA? Valerie Escobar, senior wealth advisor, and Michael MacKelvie, wealth advisor, share strategies investors may consider with their IRAs.

In 2022, Congress passed SECURE 2.0 Act, and this new legislation has significant changes to the ways you save for retirement. On this episode of Your Life Simplified, Valerie Escobar, senior wealth advisor, and Michael MacKelvie, wealth advisor, detail important changes in SECURE 2.0 Act that may affect your retirement savings. They’ll discuss required minimum distributions, Roths, saving for education expenses through 529 Plans, student loan payments and more.

If there is one thing for certain, it is that change is here to stay in tax. Staying informed about the changes in compliance rules and updates to legislation is essential, but it is also, at times, exhausting. Luckily Steven and Ben have rounded up the latest tax law changes so that you can stay informed, remain a trusted source to clients and colleagues, and ensure you’re giving the best advice available.

You can find all show notes for this episode at: https://bit.ly/3CFMLOh 

Why are they proposing our Required Distribution age on our IRA’s and 401K’s be 75 as part of The Secure Act 2?

David explains how budgets are made, by occasionally pulling forward expenses and pushing out revenue to cover the cost. 

How demographics, projected retirement plan balances, line up perfectly to the new RMD age to pay for our projected spending.

Once again proving our Retirement accounts are squarely in the crosshairs of higher taxes and what you should do about it.

https://www.cfci.us/2025-the-final-drive