Tax Reform Kierman Wochos

SECURE Act Tax Reforms

Get to Know the Secure Act

Written by Allison Kierman and Matt Wochos

On December 20, 2019, President Trump signed the Setting Every Community Up for
Retirement Enhancement Act (SECURE Act). The Act is considered the most impactful
legislation affecting individual retirement accounts (IRAs) in decades. The Act has many
notable changes impacting IRA holders and IRA beneficiaries. While some giving occurs, the
IRS also taketh away.

For IRA owners, the Act adjusts the law to account for the increased periods of employment
and life expectancy we experience in the USA. However, the Act negatively impacts the
distribution of an IRA upon the death of the account holder and makes it a less attractive tool
for inheritance.

Download the PDF.

This article is provided for informational purposes only. By viewing blog posts, the reader understands there is no attorney-client relationship between the reader and Kierman Law, PLC. The article should not be used as a substitute for legal advice or engagement with a licensed professional attorney. Readers are urged to reach out to us directly regarding specific legal questions concerning a specific situation.