b'The Bottom Line SETTINGEVERYCOMMUNITYThe SECURE Act of 2019 UP FORBy Mark Melkowski RETIREMENT602-793-6493 or mark@eagleadvisorygroup.com ENHANCEMENTI Bad and the Ugly. This new SECURE Act has all threeIf you have your IRA inside of a trust you might am always excited for the New Year, mostly becauseelements of that movie.want to take the time to have it looked at and see I made it another year withif you need to make any changes. You might want my wife and my family. When the New Year comes,If you have an IRA you should be concerned about howto consider converting to a Roth IRA but with that we all make new resolutions, promises and havethis will affect your IRA, for you and your beneficiaries.comes with the taxman, and it is still subject to the new attitudes. Some of them we keep for aThe good is you wont be forced to take distributionsnew 10-year rule. You may also want to reevaluate little while, and some we fight through andat 70 , now you can wait until you are 72 to beginthe idea of leveraging your IRA distributions into really do make some good and positiveyour distributions if you were not 70in 2019.life insurance, which lets your beneficiaries still take changes in our lives.The other good is you can still contribute updistributions over their lifetime and in most cases the until the age of 72.distributions are not taxed. We also have some times when resolutions and new ideasOne not so good or bad is theThere are always cautions and concerns when the come our way that westretch IRA, as we know itgovernment says this law will benefit you and your neither wanted or cannow, will be no longerfamily. If you have an IRA, no matter the size, you control. That bringsavailable, which meansshould reevaluate it as soon as you are able. This me to a new, bipartisaninstead of your kids oris your IRA, and somewhere down the line it will act that President Trumpgrandkids being able to take thebe passed to your family, now is the time to act to signed into law in DecemberIRA distribution over their lifetime ifensure that it is passed to your family in the most 2019. It is called Setting Everythey choose too, they now must depletetax-efficient way and that your hard-earned money Community Up for Retirementthe IRA in 10 years. Now, they are notgoes to your family and not the IRS. Please do not Enhancement or the SECURE Act ofrequired to take any distributions in those 10allow your IRA to become an IOU to the IRS. If you 2019. This act reminds me of an old Clintyears but if they wait until the 10th year, all fundsneed assistance please call and I will schedule an Eastwood western movie titled, The Good,MUST come out.appointment with you. Western Trading Post TV on The Cowboy Channel Sunday, 7:30 PM ESTUpcoming Auctions!Feb. 8th, March 14th12 February 2020'