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Big Picture Retirement®

The Secure Act: Part II

Big Picture Retirement®

Devin Carroll

News, Business News, Investing, Business

4.7546 Ratings

🗓️ 20 December 2019

⏱️ 53 minutes

🧾️ Download transcript

Summary

How will the the Secure Act impact your retirement plan?

In this special episode Devin and John discuss the widely-reported basics of this new law and then cover some of the the advanced planning opportunities that will now be available.

Transcript

Click on a timestamp to play from that location

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.

0:12.9

Hello, everyone.

0:14.0

Welcome to The Big Picture Retirement Show.

0:16.5

This is the podcast for anyone who is planning for or living in retirement.

0:23.0

I'm Devin Carroll, joined by my co-host, John. Howdy. John, what happened? We didn't stay gone long, did we? No, we really

0:31.1

didn't. And, you know, our last podcast was announcing that we were not going to be recording anymore,

0:35.5

but I do think we said in that podcast, hey,

0:37.6

if something big comes up, we're going to come back and record a podcast. And so it has.

0:43.0

It has come up. And you have been neck deep in studying this. But what is it? What's happening?

0:49.8

So we have a spending bill that's got to pass, and in the last second, they threw the Secure Act into the spending bill, which means it's a done deal.

1:04.5

Yeah.

1:05.1

So we covered the Secure Act in a prior episode.

1:07.6

I think it was back Mayish is when the Secure Act passed the House the first time.

1:12.3

Correct.

1:12.9

And sometime right after that, we covered that act and talked about some of the stuff.

1:17.5

Now, it's changed some since then, I think.

1:21.2

Yeah, there's, well, and we didn't know back then because you had two different bills.

1:24.9

Right, that's true.

1:25.8

The Senate version and the House version.

1:26.9

Yeah. And this turns out to be the House version, basically, as what's going through now.

1:32.7

And so, yeah, it's a done deal. Effective midnight December 31st, 2019. Now, has the Senate already approved the spending bill?

...

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