Financial pros find a lot to like about the new SECURE Act
February 22, 2020 by Joe Gardyasz
Most of us have heard the joke about how citizens should run whenever they hear “I’m from the federal government, and I’m here to help you.”
However, financial services professionals aren’t running away from the provisions of the new SECURE Act that went into effect on Jan. 1. The SECURE legislation — an acronym that stands for “Setting Every Community Up for Retirement Enhancement” — puts into place numerous provisions intended to strengthen retirement security across the country.
The legislation, among whose advocates and sponsors was Iowa Republican Sen. Chuck Grassley, is the first significant overhaul of retirement savings law since 2006, when the Pension Protection Act was signed into law.
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