Welcome to a new week and a new theme here on the One Minute Retirement Tip! 

This week, I’m talking about the SECURE Act. Lawmakers always have clever little names and acronyms for their fancy new rules and this one is no exception. The SECURE Act stands for: The Setting Every Community Up For Retirement Enhancement Act. It’s a massive, 1,773 page piece of bi-partisan legislation that was signed into law in December 2019, and it brings sweeping changes to the rules around everything from using 529 funds to pay for student loans to blowing up the rules on inherited IRAs. 

Most of the provisions in the SECURE Act that I’ll be talking about this week will deal with the changes to rules on IRA and 401k accounts. So if you have an IRA or a 401k listen up this week, because these new rules will undoubtedly impact you. 

And if you have a big balance in your IRA or 401k balance, these new rules might even cause you to change tactics on estate planning decisions, beneficiaries, how you save for retirement and how you spend down your assets in retirement. 

So be sure to tune in this week where each day I’ll review one important provision from the SECURE Act and explain what it means for you and what you should do about it. 

That’s it for today. Before you go, though, if you haven’t already left a review in Amazon or iTunes for the One Minute Retirement Tip, can I ask a favor of you to go do that right now? It just takes a few seconds and it helps to spread the word, and helps other people find this podcast. 

In a recent 1-star review Mary Ann writes: “I had to shut you off..not good with my coffee”.

Thank you Mary Ann, and thank you to all of you who have already taken the time to leave a review. 

And even if you decide not to leave a 1-star review like Mary Ann, I still love ya for being a listener of the One Minute Retirement Tip. My name is Ashley Micciche and I look forward to spending a minute or two with you again tomorrow. 

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