The first private pension plan in the United States was established in the late 1800s. Through 1980, nearly 40 percent of Americans were covered by a traditional employer-funded pension. But employer-provided retirement plans have now largely shifted away from pensions to retirement savings vehicles like 401(k) plans and Individual Retirement Accounts (IRAs) that place most […]
SECURE act
The SECURE Act — the Good, the Bad and the Ugly, from Austin Estate Planning Lawyer Liz Nielsen
Sweeping retirement changes were just signed into law that bring both positives (for savers) and potentially disastrous consequences (for heirs). The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on December 20, 2019, ushering in the largest retirement planning bill since the Pension Protection Act of 2006. The SECURE Act […]