Kanawha Currents

A series of new rules related to retirement savings became law as part of the SECURE Act. 2.0. Here are a few highlights that may impact our clients and their families. 

For the first time since 2002, the IRS has updated life expectancy tables which determine Required Minimum Distributions (RMDs) for individuals who are subject to mandatory annual withdrawals from retirement accounts.

With the passage of the American Rescue Plan now in the rear-view mirror, attention is shifting to how the
new administration and Congress will attempt to move forward with plans for comprehensive tax reform.

Recently signed legislation under the SECURE Act will impact current Individual Retirement Account (IRA) owners and their future beneficiaries.

Identity theft occurs when someone uses your personal information to commit fraud or other crimes.

Younger workers who are in the asset accumulation phase of life often have financial objectives and face risks that are different from those of older cohorts.

Preparing for the succession of assets is a critical step in any sound financial plan.

The Tax Cuts and Jobs Act was signed into law on December 22, 2017.