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ARTICLE · 07 FEBRUARY 2020

10 Key Changes To IRAs In 2020 Under SECURE Act

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Individual retirement accounts, including traditional, Roth, inherited, deemed, Simple and SEP, are seeing a lot of changes this year following the passage of the Consolidated Appropriations Act in December.

United StatesEmployment and HR
Elizabeth Thomas Dold
Elizabeth Thomas Dold
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Individual retirement accounts, including traditional, Roth, inherited, deemed, Simple and SEP, are seeing a lot of changes this year following the passage of the Consolidated Appropriations Act in December. Groom Law Group's Elizabeth Dold examines the top 10 IRA changes to watch.

The Consolidated Appropriations Act of 2020 includes a number of key IRA changes, all of which are effective in 2020. Most were part of the broader SECURE Act expanding coverage for retirement plan participation, facilitating lifetime savings and increasing access to retirement funds.

The SECURE Act took effect Jan. 1. The top 10 IRA provisions, set forth below, may impact any number of types of IRA (e.g., traditional, Roth, inherited, deemed, Simple and SEP).

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