Retirement Elevated Podcast with Sean Lee

What You Need to Know About the SECURE Act

Americans will be getting the most significant retirement legislation in more than a decade after Congress passed the SECURE Act near the end of 2019. Let’s talk about the biggest changes you need to be aware of, how this can benefit you, and where there might be some concerns.


Show Notes and Additional Resources: 


Today's Rundown: 

0:12 – Let’s start with what the SECURE Act is.  

1:40 – Some big changes coming to the Required Minimum Distribution rules.  

3:29 – The Stretch IRA changes could be seen as a negative.  

6:38 – Is 2020 a lost year for RMDs?  

8:39 – What affect does this legislation have on small businesses?

11:22 – There will be increased annuity options within retirement plans. Is that good or bad?

14:20 – Removal of age limitations on IRA contributions.

Finding The Silver Linings In Forced Retirement Situations

Maybe you are experiencing some more unfortunate situations lately when it comes to retirement. Is there a positive spin you can put on it?


Show Notes: 


Today's Rundown

0:37 - You are being pushed into an early retirement.

1:34 - What to do with a severance package.

2:45 - A forced retirement may push you to find clarity.

3:24 - Sean shares a client example of someone who was able to map out an early retirement plan.

6:01 - What to do when you get the lump sum buyout instead of a pension plan.

7:32 - Two things to consider with a lump sum.

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