SECURE Act Signed into Law

Just before slipping (slithering?) out of town for their annual Christmas break, Congress passed (and subsequently signed by the President) the $ 1.4 trillion Further Consolidated Appropriations Act that will fund the federal government for the rest of FY 2020. However, sneakily tucked into that measure was something that will cause investors to take notice: the SECURE Act (Setting Every Community Up for Retirement Enhancement). The bill had already passed the House back in April, 2019 but had been languishing in the Senate until it was amended into this fast-tracked funding bill. National REIA partner Equity Trust pointed out that “the bill will affect IRA Required Minimum Distributions and inherited IRAs, among other aspects.”