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Droms Strauss Blog

Investment Insights + Ideas

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The CARES Act and Your Retirement Accounts

The CARES Act significantly impacts Required Minimum Distributions (RMDs) for 2020. This video applies to those currently taking or just starting to take their Required Minimum Distributions from their retirement accounts in 2019-2020. For our clients who are not at that stage yet, we encourage you to forward this video to anyone you think could use this information, especially since a key deadline within the CARES Act is rapidly approaching at the end of August.

Retirement Funding Insights
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Navigating the SECURE Act

The Setting Every Community Up for Retirement Enhancement Act (The SECURE Act) was part of the most recent $1.4 trillion year-end spending bill, approved by the Senate on Dec 19th, 2019, and subsequently signed into law by President Donald Trump. The act was part of an end-of-year appropriations bill and accompanied by provisions that impacted the nation’s retirement system. The goal of these provisions is to provide additional opportunities for Americans to save in order to strengthen their retirement base.