Jeffrey Levine: 10 Ways IRS' Secure Act Regs Affect Planning, RMDs by Jeff Berman - ThinkAdvisor
The Setting Every Community Up for Retirement Enhancement (Secure) Act of 2019 was enacted in December 2019, but advisors and others are still waiting to see which of the proposed Secure Act regulations the Internal Revenue Service released in February this year will remain effective and which could be changed.
During the Kitces.com webinar “Analyzing The RMD And Other Impacts Of The IRS’s New SECURE Act Proposed Regulations” on Tuesday, Jeffrey Levine, chief planning officer at Buckingham Wealth Partners and lead financial planning nerd at Kitces.com, took a deep dive into the major ways in which the proposed regulations stand to affect financial planning.
These regulations, though not yet finalized, are already in effect, as Ed Slott explained to ThinkAdvisor. But the agency may issue “relief guidance” or revise the regulations based on comments from the public, which are due May 25.
