5 Things To Know About The Secure Act of 2019
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 3 June 2019
⏱️ 49 minutes
🧾️ Download transcript
Summary
This week's episode includes some reader questions, and a review of the The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act).
The SECURE Act has passed the House of Representatives, and a similar bill is working in the Senate.
For more, visit the show notes at https://www.bigpictureretirement.com/5-things-to-know-about-the-secure-act-of-2019
Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide specific tax, legal, or financial advice. |
| 0:05.1 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:13.0 | Hey, everyone. |
| 0:14.0 | Welcome to The Big Picture Retirement Show. |
| 0:16.1 | This is the podcast where John Ross is. |
| 0:19.2 | That's the most important thing you need. |
| 0:20.3 | It really is. Hey John. |
| 0:21.7 | Howdy. |
| 0:25.9 | So in today's podcast, we are going to talk about some legislation that, goodness gracious, it swept |
| 0:33.0 | through the house. A government that really hasn't done squat but argue for a while. Right. |
| 0:38.8 | To start passing legislation as close to unanimous as you're likely to see. Ever. You know, I think if they held a vote |
| 0:47.4 | today and they said, should we continue to use the Constitution as the Supreme Law of the land, |
| 0:52.4 | I don't think they could get these kind of results for that. I agree with you. The Secure Act of 2019 passed the House by a vote of 417 to |
| 1:03.9 | three. And now the Senate is taking it up and it's going to go to committee. |
| 1:14.3 | And as you said before the show, something's coming out of this bill. |
| 1:19.0 | Yeah, I think by all accounts, we're going to have a law out of this. We are going to have some reform to retirement planning. |
| 1:23.1 | And so that's what we need to cover today. |
| 1:25.2 | Do you think they come up with the acronym first and then name the bill? I absolutely think they do. And then they go, okay, what's a good word for S? Right. So they're like, we want to call it secure. Right. So let's see. Setting every. Setting. Let's go a setting. Yeah. Setting every, we see, community. |
| 1:45.5 | Yeah. |
| 1:46.1 | Up for, well, there's no F. |
| 1:50.5 | We'll just forget about the F. |
| 1:52.5 | Setting every community up for retirement. |
... |
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