SECURE Act: IRA and Retirement Savings Contribution and Payout Periods Changed – “Stretch” IRAs Dramatically Limited

The SECURE (Setting Every Community Up for Retirement Enhancement) Act (the “Act”) was enacted as part of the massive December 2019 appropriations bill.  The inclusion of the Act was a surprise, since most thought that it had been taken off the table earlier in that year.  For the most part, the new rules are effective …