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NWPS Perspective: The SECURE Act

NWPS Perspective: The SECURE Act

Here is NWPS’ memo to clients and advisor partners summarizing The SECURE Act and What It Means to Your Plan.  Here are a few key takeaways for those focused on retirement plans:

  • Increases the required minimum distribution (RMD) age for retirement accounts to 72 (up from 70½)
  • Allows long-term, part-time workers to participate in 401(k) plans
  • Offers more options for lifetime income strategies
  • Permits parents to withdraw up to $5,000 from retirement accounts penalty-free within a year of birth or adoption for qualified expenses

 

Please contact your NWPS consultant or tobrien@nwp401k.com if you have any questions.