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SECURE Act Creates Near-Term Challenges

Guidance is needed to facilitate implementation.

On December 20, 2019, President Trump signed a comprehensive government spending bill that includes the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act, along with a handful of other retirement measures.

Key Points:

  • Many provisions of the SECURE Act and related retirement measures passed in December 2019 became effective almost immediately, without an opportunity for regulatory guidance or relief.
  • Questions have been presented to the Treasury and IRS, and we’re hopeful that they will begin to provide guidance on these issues over the coming months.

Contact your T. Rowe Price representative to find out how we can take your plan to the next level.