SECURE Act Is Law: Last Call For 2019 Tax Savings

Published Thursday, December 26, 2019 at: 7:00 AM EST

We've warned about the SECURE Act's effects on retirement income planning in previous articles over the past nine months, and this is a final call to action. If you're in any of the following four retirement income planning situations, you have one last chance to reduce your tax bill by acting before January 1st, 2020:1. You live in a state with a high income-tax rate and own a traditional IRA worth a sizable amount, say $500,000 or more. 2. You own a traditional IRA that can be converted to a Roth IRA to reduce your 2019 tax bracket. 3. You previously...

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This article was written by a professional financial journalist for new michael mcdonald and is not intended as legal or investment advice.

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