Insights: Retirement Savings Changes Impacted by SECURE Act Legislation

The new year brought important changes to rules governing how Americans save for retirement. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

PERSONAL FINANCE      BUSINESS Retirement Savings Changes Impacted by SECURE Act Legislation The new year brought important changes to rules governing how Americans save for retirement. A federal law that became effective on Jan. 1, the Setting Every Community Up For Retirement Enhancement (SECURE) Act, impacts individuals at every point on their financial journey, from those just starting their working lives to seniors winding up their careers. The law intends to expand retirement savings, noted Patricia Hausknost, City National Bank wealth planner. It has important applications for business owners, part-time workers, those with student-loan debt, graduate students, seniors and their heirs. Here's what you need to know. Learn More More Articles Why Cybersecurity Matters For Your Small Business Learn More What You Need to Do Now In Order to Retire Early Later Learn More How to Manage an Inherited Property with Your Siblings and Minimize Conflict Learn More Unsubscribe from Insights  |  Update email preferences This message has been sent to bank@banking.offers.report. Please do not reply to this email. To ensure the delivery of future emails, please add email@emails.cnb.com to your email address book or safe sender list. Copyright © 2020 City National Bank – All Rights Reserved. 350 South Grand Avenue, 12th Floor, Los Angeles, CA 90071 City National Bank is a subsidiary of Royal Bank of Canada. Terms & Conditions  |  Privacy Statement NMLSR ID# 536994 | City National Bank Member FDIC