Speaker: Nick Defenthaler, CFP®, RICP®

In December 2019, the SECURE Act was signed into law and went into effect in 2020. This new legislation carries several critical updates for investors but the most meaningful change is the elimination of the “Stretch IRA” for many beneficiaries who will be inheriting retirement accounts in the future. During our 45-50 minute discussion, we will cover the following:

• Compare previous inherited retirement account rules to the new SECURE Act rules

• Discuss tax and financial planning strategies to consider that could help to reduce current and future taxes for you AND your beneficiaries

• Review a brief case study which will highlight the importance of prudent planning to navigate these new changes

• Better understand why individuals inheriting retirement accounts will need quality tax planning advice now more than ever

Nick Defenthaler, CFP®, RICP®, is a Partner and CERTIFIED FINANCIAL PLANNER™ professional at Center for Financial Planning, Inc.® Nick specializes in tax-efficient retirement income and distribution planning for clients and serves as a trusted source for local and national media publications, including WXYZ, PBS, CNBC, MSN Money, Financial Planning Magazine and OnWallStreet.com.