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New Laws Implemented and Clarified

Keeping up with the changes.

In 2020, practitioners handling retirement issues had their hands full. They needed to understand and apply the provisions of the Setting Every Community Up for Retirement Enhancement (SECURE) Act (passed in 2019) when advising clients about taking distributions from their retirement plans. The Internal Revenue Service issued some private letter rulings to help clarify certain issues raised by this new law. Practitioners also had to help their clients take advantage of several relief

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