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The SECURE Act took effect at the beginning of 2020 and it brought significant changes to retirement accounts. Let’s break down the new legislation and explain what it means to your plan. Get the show notes and additional resources here: https://principalpreservationservices.com/ep-25-what-does-the-secure-act-mean-for-your-retirement/ Today's rundown: 0:56 – Here’s what we plan on talking about today. 1:34 – Most of our clients don’t know the details of the SECURE Act and we’re discussing it with them quite a bit.2:32 – In the News: Study shows student loans have tripled since 2006 and now stands at $1.6 trillion. How serious is this problem?6:00 – The SECURE Act got passed at the end of 2019. Here’s an overview of what it means to you.8:26 – How does the delay in taking your RMDs impact retirees?9:45 – Two more big changes that came with the SECURE Act involving contributions and Stretch IRAs.12:17 – If you plan on leaving money behind to your children, what’s the best way to do it?13:54 – A couple extra tidbits involving the SECURE Act. 16:04 – This is significant legislation and it’s a great idea to meet with an advisor. 16:47 – Mailbag question: I’ve worked with a couple different advisors over the years and like them both. Should I stick to just one or is okay to work with both?