How new rules could affect the way clients save for retirement

February 24, 2020 by Paola Peralta

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New rules could affect how clients save for retirement
Clients may have to modify their retirement savings strategy as a result of the changes under the Secure Act, according to this article in Money. For example, clients can continue contributing to a traditional IRA past the age of 70 1/2 while the RMD age is raised to age 72, giving retirees greater flexibility. Seniors who have to choose between a traditional IRA and Roth IRA should account for their current and future tax rates, as these accounts receive different tax treatments, according to the article.

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Originally Posted at Financial Planning on February 20, 2020 by Paola Peralta.