How Will the Secure Act Affect You in 2020?
The Secure Act was passed and went into effect, January 1, 2020. So what does that mean to you?
“I think small business owners are going to want to understand how the Secure Act affects multiple employer plans or what they call MEPS,” says Ryan Glinn with W3 Wealth Management in Warren.
“It reduces the fiduciary obligations of plan providers to really encourage small businesses to pool together their plans into one overarching plan. What this does is the more assets in the plan, the lower the operating and administrative costs tend to be.”
In this installment of The Cautious Investor, Glinn talks more about the secure act and what it means for you.
Watch the video above to learn more.
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Our holistic approach to wealth management puts our clients at the center of our focus, every day. Our mission is to guide you towards achieving your financial goals.
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W3 has offices in Akron, Warren, Beachwood, and Columbus with clients in over 25 states. We utilize screen-sharing technology so our out of state clients receive the same service as our local clients.
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Through an in-depth discovery of your goals and current situation, we create and implement a plan to guide you toward financial success. We continue to update your plan with the inevitable changes life brings. Actively engaging in this process helps to assure the continuance of your lifestyle in retirement.
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