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Michelle Clouse is a staff accountant at Gamwell, Caputo, Kelsch  & Co. (COURTESY PHOTO)

The Setting Every Community Up for Retirement Act, or SECURE Act, recently passed into law and includes numerous expansive changes to retirement planning. Many of the provisions go into effect in 2020 and affect most of the retirement techniques and strategies frequently used by taxpayers, including IRA accounts, required minimum distributions, inherited IRA accounts, and 529 education savings accounts. The following is a summary of some of the changes that will effect many taxpayers.

The age limitation on contributions to traditional IRA accounts has been eliminated by the SECURE Act.

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