Note: Due to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, required minimum distributions (RMDs) for most retirement accounts have been waived for 2020. Learn about the RMD waiver >
The SECURE (Setting Every Community Up for Retirement Enhancement) Act includes several provisions that benefit retirees and retirement savers, as well as parents and college students. But these potential new benefits could come at a cost to some taxpayers. Here are seven key changes—and what they could mean for you.
Source: The United States Congress, 12/20/2019. Note: This is not a complete list of changes resulting from the SECURE Act. See H.R. 1865 for full details.