January 17, 2020 – By Edward A. Zurndorfer, Certified Financial Planner
Before adjourning in late December, Congress enacted a $1.4 trillion year-end spending bill that keeps the federal government running through Sept. 30, 2020. President Trump signed the legislation. Tucked away inside this spending legislation is the Setting Every Community Up for Retirement Enhancement (SECURE) Act which includes significant changes to individual retirement arrangements (IRAs) and retirement plans including the Thrift Savings Plan (TSP).
This column highlights the most important changes to IRAs and to the TSP.
Age limit eliminated for traditional IRA contributionsThe rest of the story.