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Retirement Roundup: 5 things you need to know about the SECURE Act

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A digest of news from publications around the nation about finance, investing, and retirement

The SECURE Act And Your 401(k) & IRA: 5 Things You Need To Know Right Now | Forbes

After languishing in the Senate, the SECURE Act made it
across the legislative finish line at the end of 2019. The SECURE Act is not a
radical departure from existing retirement rules. Instead, its 29 provisions contain
incremental changes, with many providing increased financial flexibility. For
example, the age at which a person is required to take required minimum
distributions was raised from 70.5 to 72. The age limit to make contributions
to an IRA was removed. Exceptions were added to early withdrawal rules.

Five health care fights to watch in 2020 | The Hill

Some experts say the odds of legislation passing in an election year is low, despite the bright spotlight on health costs these days. But, with health care issues affecting so many, these issues just might decide some races in November. So expect ideas on big issues such as drug pricing and surprise billing to take center stage.

The Kiplinger Letter’s Must-Read Political and Economic Forecasts for 2020 | Kiplinger

Forecasts are prone to surprises. But that doesn’t stop us
from trying. Kiplinger reporters and editors talked to experts in academia, the
private sector, and government to see what 2020 might have in store. Top on the
list: Will 2019’s market highs continue, or should we expect a reversal?

70% of American investors wish they’d handled money differently in 2019 — here’s their No. 1 regret | CNBC

The majority of people in a recent survey said they have
financial regrets when looking back at 2019. While 16 percent said they wished
they invested more aggressively and 12 percent wished they invested more
conservatively, the most common regret was not saving enough. By a long shot.
Thirty-five percent of respondents listed this as their greatest regret.

The Median Age When Americans Will Be Financially Ready to Retire | Nasdaq

New research from Aon shows that one in three workers is on
track to have enough money to retire comfortably by 67. The median employee
won’t have enough until age 70. That means half of people will work beyond
that. A number of factors, including low savings rates and rising health care
costs, contribute to these statistics.

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  • Jeffrey Sprole

Comments

  1. Garry L. Pittman says:

    I was told that no 1099-R forms for my 401K were sent this year as no distributions were sent. I’m 74. Are not these payments required by Federal law?

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