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Client Newsletter May 2021

Hello Again! 

First Some Announcements: 

Tax review is available.  Once you have completed your 2020 taxes, we would like to review them for any additional planning opportunities.  Simply upload your 2020 tax return documents at https://ascendinvestment.com/resources/secure-file-upload  and reply to this email and we will get working on them.   

Recent Blog Posts include: You’ve Inherited an IRA. Now What?, COVID-19 May Impact your Social Security Benefits, April Is Financial Literacy Month. Do You Have These 5 Finance Basics Down?, and more.  To read visit: AscendInvestment.com/GarrettsGarage  



          What a roller coaster these last few years have been, and we are not talking about a global pandemic.  We are talking legislation! 

          The United States Congress has been busy over the last two years reshaping the retirement landscape, from ending the stretch IRA, changing the required minimum distribution age, to potentially expanding Roth IRA options.   

Here is a list of major pieces of legislation passed in the last year and a half:

  • The CARES Act (883 Pages Long)
  • The SECURE Act (1700 Pages Long)
  • The Coronavirus Stimulus 2.0 – Consolidated Appropriations Act of 2021 (2124 Pages Long)
  • The American Rescue Plan Act (242 Pages Long) 

This results in almost 5,000 pages of legislation that impacts retirement accounts and tax planning.  If that was not enough, this last week Congress introduced HR 2954 also known as “Securing a Strong Retirement Act of 2021” or “The SECURE Act 2.0” This new piece of legislation is currently ONLY 146 pages.   

While we cannot predict the future, we believe HR 2954 will pass in some form or another.   This is why we always ask nosey questions, the more we know, the more you share with us, we can be better financial planners for you.   

We will continue to monitor, adjust, evaluate, and plan for each legislative change put forward.  For our goal is to help you make informed decisions and put you in a great financial situation.   

          If you feel something in your life has changed that needs to be discussed, please reach out.   



Garrett G. Smith

Financial Advisor

Ascend Investment Partners


Paul M. Norman, CFP®

Senior Financial Advisor

Ascend Investment Partners





214 South Main Street

Logan, UT 84321

Tel: 801-476-1200

Fax: 801-476-1207



175 Historic 25th Street

Ogden, UT 84401

Tel: 801-476-1200

Fax: 801-476-1207 


Ascend Investment Partners is not a legal or tax advisor. You should consult with your attorney, accountant and/or estate planner before taking any action.   

Ascend Investment Partners did not assist in the preparation of this report, and its accuracy and completeness are not guaranteed. The opinions expressed in this report are those of the author(s) and are not necessarily those of Ascend Investment Partners or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.