Attorney Robert Prousalis of P&P Law talked about ways the SECURE ACT will impact retirement savings including the new provisions for small businesses.
The SECURE Act = The “Setting Every Community Up for Retirement Enhancement” Act of 2019, was signed into law by President Donald Trump on December 20, 2019. The SECURE Act changed the most popular retirement plans used in the United States and was the first major retirement-related legislation enacted since the 2006 Pension Protection Act. Major elements of the bill include: raising the minimum age for required minimum...