The Setting Every Community Up for Retirement Security (SECURE) Act of 2019, signed into law by President Trump on Friday, December 20, 2019, made substantial changes to the laws governing IRAs.
Since many of the changes went into effect January 1, 2020, IRA providers are seriously challenged as they attempt to anticipate the impact of these changes on their IRA clients and their IRA communications, documentation, processes and procedures.
Compliance Systems, along with our business partner, Convergent Retirement Plan Solutions, is holding additional live webcasts offering critical and timely explanations of the new rules under the SECURE Act of 2019 and recommendations for immediate steps you can take to maintain compliance and minimize disruption as you strive to adapt to these changes in real time. The cost of the webcast is $199 per phone connection. The Webcasts will take place on Friday, January 17th 10 a.m., Tuesday, January 21st 2 p.m., and Thursday, January 23rd 10 a.m. C.T. If you are unable to attend any of the sessions, there is also an option to access a recording available 24/7 for the fee of $199 per access.
Topics Covered
- Elimination of the 70½ Age Restriction on Traditional IRA Funding
- New Starting Age for Required Minimum Distributions (Age 72)
- New Penalty-Free Withdrawals for Birth and Adoption
- Accelerated Withdrawal Requirements for Many IRA Beneficiaries
- Implications for IRA Documents and Disclosures
- Identifying and Implementing Stopgap Measures for Near-Term Compliance
- Implications for IRA Processes and Procedures
- Communication Strategies to Minimize Confusion