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[Overseas finance NOW] Policy change of "Secure Act Bill" opens tax saving window in IRA

[Overseas finance NOW] Policy change of "Secure Act Bill" opens tax saving window in IRA

20 January 2020 | 9:00 am

It has been pointed out that there is a problem that profits can be gained by refusing deductions that should be granted Planner and CPA Jeffrey Levine have found that refusing to receive a deduction may be rewarded later. 2019 late enacted Setting Every Community Up for Retirement Enhancement Act , New Year was the many changes in the retirement plan advisors. In addition to raising the minimum distribution age and removing restrictions on some workers’ contributions to the IRA, this drastic retirement bill generally ceases the use of “stretch IRAs”. Levine , director of advisor education at Kitces.com and CEO of the BluePrint Wealth Alliance, and other members of the Kitces team are carefully reviewing the new law.

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