Scott Bishop, Director of Financial Planning for Avidian Wealth Management takes a deep dive into the SECURE Act. (Setting Every Community Up for Retirement Enhancement Act) The episode features an interview with Congressman Kevin Brady. 1– Eliminates the age limit for making traditional IRA contributions 2 – Increases the RMD age to 72 3 – Allows penalty-free withdrawals for birth or adoption 4 – Allows taxable non-tuition fellowship and stipend payments to be treated as compensation to qualify for an IRA (or Roth IRA) contribution 5 – Provides employer liability protection for annuities in plans 6 – Eliminates the “stretch IRA”
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