Our SECURE and CARES Act presentation is designed to help financial advisors understand several aspects of these two important pieces of legislation. Specific areas of focus include the following: 

SECURE Act: retirement plan design, the guaranteed income safe harbor, automatic enrollment safe harbor, multiple employer plans, among other provisions. Changes to 529 rules, the new RMD age, and changes to beneficiary IRA rules. 

CARES Act: Individual provisions such as the Taxpayer Recovery Rebate, expanded access to retirement plan assets through distributions and loans, charitable contributions and the suspension of RMDs for 2020. Business related provisions include the Paycheck Protection Program, EIDL Loans, and relief regarding payroll taxes and retirement plan contributions.

Those who attend this program will leave having a better understanding of these two massive pieces of legislation. More specifically, by being able to understand the individual, retirement plan, and business provisions of the SECURE and CARES Act, advisors will be able to help clients navigate how they will affect several areas. Those areas include tax planning, estate planning, cash flow planning, business related liquidity and tax issues, as well as retirement plan fiduciary and plan design issues.