February 2020

Greetings from all of us at Cornerstone.
New legislation can change so many things, especially at tax time.  This year the SECURE Act, passed on December 20, 2019, is changing the landscape.  The "Setting Every Community Up for Retirement Enhancement" or SECURE Act was passed to expand the opportunity for individuals in all stages of life in regards to their retirement planning.  It also modified administrative rules in an attempt to simplify things.  

What it may mean for us on the ground level though, is more confusion and uncertainty.   We, at Cornerstone, have been digging into how the SECURE act affects our clients and would be happy to help out anyone who may need a little direction.  Take a look at an article written by our President Chad Halbur and a few others that we found helpful, and feel free to reach out with additional questions.  

As always, let us know if you have any questions or ideas for upcoming topics.  We would love to hear from you.  Thank you for the privilege of continuing to assist you on your journey to meet  your financial goals.  

The Cornerstone Team

SECURE Act: Tax Credits for Employers Who Offer Company Retirement Plans

The SECURE Act passed on December 20, 2019, has broad implications for retirement plans.  It required changes in how we save and take money out of retirement accounts.   Read More

How Required Minimus Distribution (RMD) Changes Under the SECURE Act Impact Retirement Accounts

By most accounts, the SECURE Act will have the largest direct impact on retirement accounts since the passage of the Pension Protection Act in 2006.  Read More