The Setting Every Community Up for Retirement Enhancement (SECURE) Act has been passed and is effective for 2020. The bill increases access to retirement plans and also includes some reforms to DC Plans, DB plans, IRAs, and 529 plans. As such, retirement plan owners, business owners, IRA owners, and 529 owners are all affected by this legislation.

While making retirement plans more available was the driving force behind the SECURE Act, hidden in this bill are some significant changes that all retirement savers should know for planning purposes. We will review some of these changes.

Join us as guest speaker, Richard Boehm, CFP®, and CEO of Unified Wealth Management discusses the major components of the law changes including:

• Increasing the tax credit for new company-wide retirement plans from the current cap of $500 to $5,000

• Forced distribution of a retirement account within 10 years for most non-spouse beneficiaries

• Allowing two or more unrelated employers to join a pooled employer plan, creating an economy of scale that lowers both employer and plan participant cost

• Tax-advantaged 529 plans will be allowed to help pay off qualified student loan repayments

Rich will also review some tax strategies that may help individuals and businesses proactively plan for these changes.

Richard Boehm, CFP®, is CEO & Founder of Unified Wealth Management (UWM), a boutique financial planning and wealth management firm, serving clients nationwide from offices in Westport, CT & Scottsdale, AZ. Richard is a practicing CERTIFIED FINANCIAL PLANNER(TM) professional with over 25 years of experience in financial planning and wealth management. UWM provides complete and comprehensive financial planning, tax, investment, estate planning & risk management services to their clients. Disclaimer: Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Unified Wealth Management, LLC, a registered investment advisor and a separate entity from LPL Financial. LPL Financial does not provide tax or legal advice; consult your tax or legal advisor regarding your particular situation.

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