SECURE Act Takeaways

Note: Due to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, required minimum distributions (RMDs) for most retirement accounts have been waived for 2020. Learn about the RMD waiver > 

The SECURE (Setting Every Community Up for Retirement Enhancement) Act includes several provisions that benefit retirees and retirement savers, as well as parents and college students. But these potential new benefits could come at a cost to some taxpayers. Here are seven key changes—and what they could mean for you.

Source: The United States Congress, 12/20/2019. Note: This is not a complete list of changes resulting from the SECURE Act. See H.R. 1865 for full details.

Next Steps

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Important Disclosures

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.