Page 13 - PGA Community News - February '20

February 2020 February 2020 PGA C.A.N.!, Page 13

Annual Art Exhibit from page 12

2141 Alt. A1A South, Suite 310 • Jupiter, FL 33477
The Retirement Planning Specialists Crafting Financial Solutions with Insight and Integrity since 1980

The new SECURE Act tax law may impact you.

Key Provisions of the Secure Act will:

• Repeal the prohibition of retirement contributions after the account owner
reaches age 70½.

• Delay the age for required minimum distributions (RMDs) from age 70½
to 72.

• Eliminate the lifetime “stretch” IRA option, requiring non-spouse
beneficiaries of IRAs to deplete the inherited balance within 10 years of
the decedent’s death.

• Many of the provisions adopted into the Internal Revenue Code as part
of the SECURE Act allow individuals more time for tax-deferred savings
and growth before distributions are required. The provisions deemed
advantageous to individuals and businesses may result in less tax revenue
to the government. Hence, the SECURE Act also includes requirements
The team that has the knowledge and credentials to deliver everything you need to plan for your future. Left to right:
Andrew J Francisco, M. Ed., Associate Advisor; Joseph C. Francisco, AIF®, Vice President; Curtis S. Francisco, CFP®, designed to account for this loss of revenue by accelerating the withdrawal
AIF®, President; Lori M. Colclasure, CFP®, CPA, RICP, CDFA, Wealth Advisor. Photographer: Scott Steger and taxation of inherited retirement accounts.
PLEASE CONTACT US FOR A COMPLIMENTARY FINANCIAL REVIEW
OR ATTEND ONE OF OUR ONGOING WORKSHOPS.

561-747-9550

AssetAdvisoryServices.com

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