The SECURE Act was signed into law just before the holiday and it took effect January 1, 2020. It can affect a number of things in your financial future. Today, Mooney Lyons advisor Eric Mesko breaks down the following areas of the SECURE Act:

• Removal of age limits on IRA contributions
• Increase in RMD age to 72
• Elimination of the Stretch IRA
• Exception for birth or adoption of a child
• 529 Plans for student loan payments
• Auto Enrollment Tax Credit
• Increased tax credit for employer sponsored plans
• Multiple Employer Plans

For more, call Mooney Lyons at 847-382-2600

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