On December 20, 2019, President Trump signed into law a government spending bill which included many provisions of the SECURE Act (short for Setting Every Community Up for Retirement Enhancement Act—quite a mouthful). As its extended name would imply, most of the provisions of the SECURE Act affect retirement accounts like IRAs and 401ks. One particular aspect of the new law that we thought may be of particular interest to Insider blog readers (all diligent college savers, I’m sure!) affects the use of 529 Plans.
Continue reading