Don't Let the SECURE Act Turn Your Legacy into a Windfall for the IRS
The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, is full of changes -- some subtle, some not so much -- designed to expand retirement savings opportunities for Americans of all ages.
The legislation allows older workers to keep contributing to their IRAs as long as they have earned income. It pushes back the start date for taking required minimum distributions (RMDs) from 70½ to 72. It also should make it easier and less expensive for small-business owners to set up retirement plans for their employees.
That's the good news.
The bad news? The new law takes most of the stretch
