Congress Just Passed the Biggest Bill in a Decade – The SECURE Act: 7 Things You Need to Know

On December 19th, the Senate passed the most sweeping retirement bill since the Pension Protection Act of 2006. The SECURE Act, whose progress had stalled until lawmakers tacked it onto a spending bill to keep the country running, aims to make saving easier amongst a bevy of changing rules. The House already passed the legislation, and President Donald Trump is expected to sign the bill into law. So, how does that impact you, your money, and how you will be able to save money for the future?  Does it mean you will pay more taxes?  Here are seven things you need to know about the Secure Act. (some excerpts are from Yahoo Finance) SECURE Act #1:  RMD’s Are Changing Starting January 1, 2020, the new bill pushes the age at which you need to start withdrawing money from your traditional retirement accounts from age 70½ to age 72. These required minimum distributions, as they’re called, are Uncle Sam’s way of ...

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A Short Sale Can Be the Answer You Are Searching For

If you choose to do nothing when effort is required, expect gravity to pull you under.  ~ Rhonda Duffy When you have a predicament that has come upon you either by your choice or not, you must take action to get to the best possible outcome as quickly as possible. Many homeowners are finding themselves in a predicament with their mortgage liability.  They have suffered hardships ranging from job loss, divorce, death and even being severely upside down in the property’s value.  With the rise of the hardships in place versus the hardships disappearing, home sellers must take action as quickly as possible to have options that offer them recovery as quickly as possible. There are solutions available that dissolve the debt owed to the mortgage holder.  The first of the solutions is a short sale that removes the debt owed with a satisfaction of mortgage with no money needed at closing from the seller.  After finding a buyer for ...

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