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Changes may be coming to your 403(b)
If you have a 403(b), you may need to re-evaluate your retirement plans and how your plan beneficiaries will receive their funds. The IRS has treated 403(b) plans like individual retirement accounts (IRAs); however, that is about to change. Under The Setting Every Community Up of Retirement Enhancement (SECURE) Act of 2019, the IRS has proposed updates to the existing retirement plan code that governs required minimum distributions (RMDS). Christine Williams reviews what you need to know about the proposed changes. Read Ms. Williams’ article here…
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