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Client Newsletter January 2020

Happy New Year and welcome to a new decade! 

One of our favorite things to do is sit down and talk with you because of all the stories you share.   A common thread we frequently hear is things change.  Today is different than yesterday and tomorrow will be different from today.  

With a new year, change is once again in the air with the start of a new law passed at the end of last year known as the SECURE Act.  The SECURE Act has been signed into law and is part of a larger spending bill.   Congress intended the Act to expand and preserve retirement savings.  The act affects IRA’s, retirement plans, and 529 Plans.  

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was tucked into the 1,700-page appropriation bill and will take some time to understand.  But we are on it.  Paul and I will work to make sure you are set up and ready to go.  Just like with the tax law changes a few years ago it will present some different planning opportunities.  

One little nugget tucked in there is that now required minimum distributions (RMDs) from IRAs will not need to start until the age of 72.

As we sit down and talk with you one on one this coming year we will work through the changes and how they may impact you.  So do not worry, there is nothing you need to do today, we are working through it and will be in touch.  And if you have friends who are nervous about changes in the law and are not getting the support they need we are always happy to act as a sounding board to help those you care about. 

Happy New Year 

Garrett G. Smith
Financial Advisor
Ascend Investment Partners

Paul M. Norman
Senior Financial Advisor
Ascend Investment Partners



1300 N 200 E #114C
Logan, UT 84341
Tel: 801-476-1200
Fax: 801-476-1207

175 Historic 25th Street
Ogden, UT 84401
Tel: 801-476-1200
Fax: 801-476-1207 

Wells Fargo advisors Financial Network and Ascend Investment Partners are not legal or tax advisors.