With Biden leading in the polls in the final days prior to the election, we understand that many of our clients and readers have questions as to potential tax changes under a Biden/Harris administration. The Tax Foundation, a bi-partisan tax policy research organization, indicates that Biden’s tax plan would raise over $3.8 trillion in tax over the next decade.
The SECURE Act of 2019 brings the second major Congressional action for tax and retirement reform in 24 months. These new laws will bring major changes to retirement planning going forward, with key changes geared towards beneficiaries of retirement plans and encouraging participation in employer-sponsored retirement plans. If you have questions about how this legislation impacts your financial plan,