- Mercer Advisors, Formerly Epstein & White

Secure Act 2.0 Passes Congress: What You Need to Know

Exciting news! The US Congress has approved the SECURE Act 2.0 under an omnibus act, which involves a series of alterations to the retirement system. These modifications are an extension of the Secure Act of 2019 and are contained in the $1.7 trillion omnibus bill, which is anticipated to get signed into law by President Joe Biden. The SECURE Act 2.0 policies have been proposed to broaden the scope of retirement benefits and make it easier [...]

Rebecca Mack2023-02-17T19:17:05+00:00January 5, 2023|Government, SECURE Act|

New Year, New Law Part 4: 4 Ways the SECURE Act Could Affect Your 401(k)

Here’s proof that funding retirement has changed: In 1970, 45% of private sector employees were covered by a pension plan.[1] Now, 4% are covered.[2] Pensions have largely been replaced by 401(k), IRAs, and similar retirement plans, and retirees must find a way to make their savings last throughout retirement. The SECURE Act responds to this changing retirement landscape in many ways. Here are 4 ways the SECURE Act could affect your 401(k). RMDs Will Start Later [...]

Rebecca Mack2020-01-28T22:12:47+00:00January 28, 2020|Retirement Planning, SECURE Act|

New Year, New Law Pt. 3: 4 Ways the SECURE Act Makes Saving for Retirement Easier

The Setting Every Community Up for Retirement Enhancement (SECURE) Act is a response to a changing retirement landscape: Americans are living and working longer, working part-time in retirement, and are less likely to have the option to rely solely on pensions. When personal savings must stretch further, it’s important for retirees to have a plan for their income in retirement. Luckily, there are ways the SECURE Act can help make saving for retirement easier. RMDs Pushed [...]

Rebecca Mack2020-01-28T22:00:58+00:00January 20, 2020|Retirement Planning, SECURE Act|

New Year, New Law Pt. 2: Time to Review Your Estate Plan

The Setting Every Community Up for Retirement Enhancement (SECURE) Act is the biggest piece of retirement legislation to be passed in years. It will undoubtedly have a major effect on how many Americans approach retirement planning, and particularly estate planning. We’re covering these changes throughout the month and focusing on the elimination of ‘stretch’ IRAs for beneficiaries of IRAs and defined contributions plans[1] this week. This could mean a bigger tax burden for many heirs, who [...]

Rebecca Mack2020-01-28T22:01:03+00:00January 13, 2020|Retirement Planning, SECURE Act|

New Year, New Law, A Four Part Series – Part 1: What’s in the Secure Act?

Donald Trump ended 2019 by signing a 2020 spending bill that includes the Setting Every Community Up for Retirement Enhancement (SECURE) Act. It’s the biggest piece of retirement legislation to be passed in years and it will undoubtedly have a major effect on how many Americans approach retirement and estate planning. This month we’ll cover each part of the new law in depth – for now let’s start with a general overview of what’s in the [...]

Rebecca Mack2020-01-28T22:12:53+00:00January 5, 2020|Financial Planning, Retirement Planning, SECURE Act|