News & Resources

Smart Advice Insight

Washington Trust Wealth Management Blog


Timely advice & commentary about investing, taxes, financial planning and more.

Planning with IRA and 401(k) Assets in 2020 and Beyond
By Kimberly I. McCarthy, Esq. / August 13, 2020

The biggest legislative change to retirement plans in more than a decade happened just before 12/31/19. The SECURE Act, among other things, eliminated the “stretch”, a core of estate plans for decades.

The first quarter of 2020 saw a global pandemic with a major unanticipated impact on the market. The IRS reacted with a waiver or relaxing of many 2020 requirements for IRAs and 401(k)s.

So what should people be doing in 2020, and beyond 2020, to incorporate their IRAs and 401(k) plan assets into their retirement and estate planning? In this webinar, Kimberly I. McCarthy, Esq., Senior Vice President and Chief Tax and Benefits Officer, Wealth Management Client Services, discusses an overview of key changes (and what stayed the same) under the new legislation and guidance, including contributions, RMDs, and elimination of the “stretch”. There is also a discussion of the key issues, concerns, and fixes to be considered for retirement and trust planning under the new rules.

Comments are closed.

The opinions expressed in this blog are those of the author and may not reflect those of Washington Trust Wealth Management. The information in this report has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Any opinions expressed herein are subject to change at any time without notice. Any person relying upon this information shall be solely responsible for the consequences of such reliance. Performance is historical and does not guarantee future results.

Such information does not constitute legal or professional advice as all situations are unique and are based on individual facts and circumstances.

Subscribe to Our eNewsletter

Washington Trust, the "W" logo, Washington Trust Wealth Management and Halsey Associates are registered trademarks of The Washington Trust Company.
Weston Financial is a subsidiary of The Washington Trust Company. Halsey Associates is a part of Washington Trust Wealth Management, a division of The Washington Trust Company.

Not FDIC Insured | No Bank Guarantee | May Lose Value | Not a Deposit | Not Insured by any Federal Government Agency