{"id":1585,"date":"2020-01-03T10:03:17","date_gmt":"2020-01-03T10:03:17","guid":{"rendered":"https:\/\/wcginc.com\/?p=1585"},"modified":"2026-01-26T16:36:50","modified_gmt":"2026-01-26T16:36:50","slug":"secure-act","status":"publish","type":"post","link":"https:\/\/wcginc.com\/blog\/secure-act\/","title":{"rendered":"SECURE Act including FCAA"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68b5825f20fe1\" class=\" wd-rs-68b5825f20fe1 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><\/p>\n<div class=\"overview\">\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><b>SECURE Act 2019<\/b> boosts retirement flexibility and small business benefits.<\/li>\n<li>Start-up 401k plans can get higher tax credits\u2014up to $5,000 over three years.<\/li>\n<li>Traditional IRA contributions are now allowed past age 70 1\u20442; RMDs start at 72.<\/li>\n<li>Long-term part-time employees can participate in 401k plans, helping more workers save.<\/li>\n<li>Penalty-free withdrawals of up to $5,000 for births or adoptions.<\/li>\n<li>Solo 401k and ROBS 401k plans get easier to set up and contribute to for prior years.<\/li>\n<li>529 plans expanded to cover apprenticeships, homeschooling, and student loans.<\/li>\n<li>Stretch IRAs eliminated; inherited IRAs must be distributed within 10 years.<\/li>\n<li>Kiddie tax reverted to pre-TCJA rules, potentially lowering taxes for children.<\/li>\n<li><b>FCAA Act 2020<\/b> includes tax relief for private mortgage insurance, tuition deductions, energy-efficient homes, and medical expenses.<\/li>\n<li>Excise taxes on medical devices and high-cost health plans (Cadillac tax) are repealed.<\/li>\n<li>Disaster-related retirement withdrawals up to $100,000 allowed penalty-free, with repayment flexibility.<\/li>\n<\/ul>\n<\/div>\n<p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-6732de480ae42\" class=\" wd-rs-6732de480ae42 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title img-right \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p><img decoding=\"async\" class=\"alignnone size-full wp-image-26103\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/SECURE-Act-including-FCAA-200x300-2.jpg\" alt=\"\" width=\"200\" height=\"300\" \/>The\u00a0<a href=\"https:\/\/wcginc.com\/wp-content\/uploads\/2024\/10\/SECURE-Act.pdf\" target=\"_blank\" rel=\"noopener\">SECURE Act<\/a>\u00a0which stands for Setting Every Community Up for Retirement Enhancement of 2019 was signed December 20, 2019 as part of the FCAA Act of 2020. What the heck is the FCAA Act? That stands for Further Consolidated Appropriations Act\u2026 so FCAA Act is actually redundant like ABS Brakes or ATM Machine. You have to love the effort our government leaders put into these acronyms\u2026 SECURE is pretty good. FCAA\u2026 that\u2019s a bit unimaginative. We\u2019ll cut them some slack since FCAA also averted yet another government shutdown.<\/p>\n<p><span data-v-f5fa8bca=\"\">Further Consolidated Appropriations Act was approved by the House on December 17, 2019 by a vote of 297 to 120 and by the Senate on December 19, 2019 by a vote of 71-23.<\/span><\/p>\n<p>What do these Acts impact? Retirement, especially Solo 401k plans, ROBS 401k plans, IRAs and kiddie taxes. It does some really cool things for small business owners, parents and those who work beyond 70. FCAA also addresses private mortgage insurance and health insurance expenses among other issues.<\/p>\n<p>Let\u2019s hit on the SECURE Act first. You can download a copy from the House Committee on Ways and Means\u00a0<a href=\"https:\/\/wcginc.com\/wp-content\/uploads\/2024\/10\/SECURE-Act.pdf\" target=\"_blank\" rel=\"noopener\">here<\/a>. Not all Sections are discussed here.<\/p>\n<h3 class=\"title\"><span class=\"ez-toc-section\" id=\"Section_103_Increase_Credit_Limitations_for_Plan_Start_Up_Costs\"><\/span>Section 103. Increase Credit Limitations for Plan Start Up Costs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The calculation is now the greater\u2026 read that again\u2026 the greater of $500 or $250 x the number of non-highly compensated employees (HCEs) for a maximum of $5,000. The credit applies for 3 years. Section 104 also provides for an additional $500 for automatic enrollment.<\/p>\n<p>So, if you have 8 people working for you, and you start a 401k plan (<a href=\"https:\/\/wcginc.com\/wp-content\/uploads\/2024\/10\/Referrals.pdf\" target=\"_blank\" rel=\"noopener\">here is our referrals for 401k plans<\/a>) then your credit is the greater of $500 or $2,000. Nice!<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Section_106_Repeal_Maximum_Age_for_Traditional_IRA_Contributions\"><\/span>Section 106. Repeal Maximum Age for Traditional IRA Contributions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At 70 \u00bd you could no longer contribute to an IRA. The SECURE Act repeals that entirely. They might put an age back on it, but for now it is wide-open. Frankly this makes sense\u2026 the IRS wanted you to start taking money out of your IRA so they could tax it, but at the same time people are living longer and working longer. The IRS will get their money eventually (see the end of the stretch IRA below).<\/p>\n<p>This will also increase the attractiveness of backdoor Roth conversions (dump money into an IRA and then convert it).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Section_111_Allowing_Long-Term_Part-Time_Workers_to_Participate_in_401k_Plans\"><\/span>Section 111. Allowing Long-Term Part-Time Workers to Participate in 401k Plans<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is huge. Part-time workers are the backbone of a lot of industries. Tax accounting firms, for example, need part-time people to swell during busy times. United Parcel Service has used part-time employees to load and unload packages for just a few hours a day since that was \u201cgo time.\u201d Great for college students who could get up at 4:00AM.<\/p>\n<p>Statistically\u00a0<a href=\"https:\/\/www.bls.gov\/opub\/ted\/2017\/percentage-of-employed-women-working-full-time-little-changed-over-past-5-decades.htm\" target=\"_blank\" rel=\"noopener\">more women work part-time than men<\/a>, and the old rules limited how woman could save for retirement. The SECURE Act fixes that. The eligibility is one year of 1,000 hours or three consecutive years of 500 hours, or more. Employers may also exclude part-time workers from plan testing in certain situations which is also helpful.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Section_113_Penalty-Free_Withdrawals_for_Birth_or_Adoptions\"><\/span>Section 113. Penalty-Free Withdrawals for Birth or Adoptions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is cool. We have exceptions for higher education, medical exceptions and first-time home buyers\u2026 why not parents? The wording is weird since it reads \u201cRetirement Plans\u201d and IRAs are not technically retirement plans\u2026 they are arrangements (accounts). But, the language in the law mentions IRAs in the subtext so that\u2019s good. The maximum amount is $5,000.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Section_114_Increase_in_Age_for_Required_Beginning_Date_for_Mandatory_Distributions\"><\/span>Section 114. Increase in Age for Required Beginning Date for Mandatory Distributions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As mentioned before, the IRS wants their money. The theory was people needed to take required minimum distributions (RMDs) which was generally a taxable event\u2026 this prevents (or at least limits) the transfer of wealth using IRAs for estate planning purposes. So the SECURE Act increases the age to 72.<\/p>\n<p>This also affects solo 401k plans and ROBS 401k plans. What the heck is a ROBS 401k? It stands for Rollover as Business Startup\u2026 and it allows new business owners to use a previous employer 401k plan to fund the new business.<\/p>\n<p>You can see other small business and self-employed retirement options here-<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[vc_row_inner equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; el_id=&#8221;getting-started&#8221; css=&#8221;.vc_custom_1728658184377{padding: 30px !important;background-color: #F4F1E8 !important;border-radius: 10px !important;}&#8221; woodmart_css_id=&#8221;67093aa4d95c5&#8243; responsive_spacing=&#8221;eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzA5M2FhNGQ5NWM1Iiwic2hvcnRjb2RlIjoidmNfcm93X2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=&#8221; mobile_bg_img_hidden=&#8221;no&#8221; tablet_bg_img_hidden=&#8221;no&#8221; woodmart_parallax=&#8221;0&#8243; woodmart_gradient_switch=&#8221;no&#8221; woodmart_box_shadow=&#8221;no&#8221; wd_z_index=&#8221;no&#8221; woodmart_disable_overflow=&#8221;0&#8243; row_reverse_mobile=&#8221;0&#8243; row_reverse_tablet=&#8221;0&#8243;][vc_column_inner width=&#8221;4\/12&#8243;][vc_single_image image=&#8221;44014&#8243; img_size=&#8221;full&#8221; css=&#8221;&#8221; parallax_scroll=&#8221;no&#8221; woodmart_inline=&#8221;no&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;8\/12&#8243;]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68145ea7aa78e\" class=\" wd-rs-68145ea7aa78e wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none with-btn box-btn-static \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h4 class=\"info-box-title title wd-font-weight-800 box-title-style-default font-primary wd-fontsize-m\">Turbo 401k Plans<\/h4>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>Click here to maximize your 401k with options like profit sharing or cash balance plans effortlessly.<\/p>\n<\/div>\n\n\t\t\t\t\t\t<div class=\"info-btn-wrapper\"><div id=\"wd-6a31cf9e25b04\" class=\"  wd-button-wrapper text-left\"><a href=\"https:\/\/wcginc.com\/kb\/turbo-charged-401k-plans\/\" title=\"\" class=\"btn btn-style-default btn-shape-rectangle btn-size-default\">Learn More<\/a><\/div><\/div>\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column_inner][\/vc_row_inner]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-6732de3378f60\" class=\" wd-rs-6732de3378f60 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Section_201_Plans_Adopted_by_Filing_Due_Date_for_Year_May_Be_Treated_as_in_Effect_as_of_Close_of_Year\"><\/span>Section 201. Plans Adopted by Filing Due Date for Year May Be Treated as in Effect as of Close of Year<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is huge! Super huge! Businesses may adopt plans such as 401k plans before the due date of the business entity tax return, including extensions, and the plan will be treated as in existence for the prior year. No more scrambling in December trying to get a bunch of solo 401k plans set up. And! Many business owners don\u2019t necessarily know what amount cash they can safely separate with until well into the following year.<\/p>\n<p>The only snag we see is employee deferrals. If it is March 15, 2020, and you want to defer $19,000 for 2019 you would need to amend your payroll filings such as W-2s for 2019 (unless the $19,000 is a Roth or post-tax contribution). This leaves only the employer side which is limited to 25% of W-2 compensation.<\/p>\n<p>Schedule C taxpayers don\u2019t appear to have this limit \/ snag since they do not process payroll and W-2s on themselves.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Section_302_Expansion_of_529_Plans\"><\/span>Section 302. Expansion of 529 Plans<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>529 plans expanded to include apprenticeships and homeschooling, and provisions to use 529 plan funds to pay for student loans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Section_401_Modifications_to_Required_Minimum_Distribution_Rules\"><\/span>Section 401. Modifications to Required Minimum Distribution Rules<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>No more stretch IRAs. Under this section, distributions from inherited IRAs to individuals other than spouses must be fully distributed in 10 years. There are some exceptions and other issues such as disabled individuals and minors, but that is the general gist.<\/p>\n<p>So, this is the yang. We had the ying with RMDs starting at 72 and being able to contribute to an IRA past the age of 70 \u00bd\u2026 those were great things. The 10-year, no more stretch IRA rule is the yang. Ah, life\u2026 the great equalizer.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Section_501_Modification_of_Taxation_of_Unearned_Income_of_Children_kiddie_tax\"><\/span><span class=\"lbexSectionlevelOLC\">Section 501.\u00a0<\/span><span class=\"lbexSectionlevelOLC\"><span class=\"lbexAllcap\">Modification of Taxation of Unearned Income of Children<\/span>\u00a0(kiddie tax)<br \/>\n<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Tax Cuts and Jobs Act changed the taxation of unearned income for children to essentially be trust tax rates. The problem with trust tax rates is that they are very compressed, and you reach the highest tax rate of 37% very quickly (at $12,500 in income). According to savingforcollege.com, \u201c<span data-v-f5fa8bca=\"\">This significantly increased the tax rates that apply to the\u00a0<a href=\"https:\/\/www.savingforcollege.com\/article\/are-scholarships-taxable\" target=\"_blank\" rel=\"noopener\">taxable portion of college grants, scholarships and fellowships<\/a>\u00a0and to military survivor benefits of Gold Star families. It also caused low- and middle-income children to be taxed at much higher rates than their parents.\u201d Yuck!<\/span><\/p>\n<p>SECURE Act repeals the kiddie tax back to pre-TCJA, and it allows taxpayers for 2018 (yes, way retro) and 2019 to select the lower tax rate (the parent\u2019s rate versus the TCJA rates). For 2018 tax returns, children will need to amend their tax returns to take advantage of this.<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-6890e061ee95d\" class=\" wd-rs-6890e061ee95d wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title wd-font-weight-800 box-title-style-default font-primary wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"Further_Consolidated_Appropriations_Act\"><\/span>Further Consolidated Appropriations Act<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>The FCAA extended the following (which always seem to sunset and then get resurrected)-<\/p>\n<ul>\n<li>Private Mortgage Insurance.<\/li>\n<li>Exclusion of qualified mortgage debt relief.<\/li>\n<li>Qualified tuition and related expenses deduction (above the line).<\/li>\n<li>Construction of energy efficient homes.<\/li>\n<li>Medical expenses returns to 7.5% (was 10% for a nano second for all taxpayers).<\/li>\n<\/ul>\n<p>FCAA also repealed-<\/p>\n<ul>\n<li>2.3% excise tax on medical devices (starting January 1, 2020\u2026 so not retroactive).<\/li>\n<li>Excise tax on high-cost employer-sponsored health plans, aka the Cadillac tax, is repealed starting January 1, 2020.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Disaster_Penalty_Relief\"><\/span>Disaster Penalty Relief<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>FCAA also allows individuals who had losses in qualified disaster areas to withdraw up to $100,000 from retirement plans without being subject to the 10% early withdrawal penalty. Wait! There\u2019s more. You can pay it back during a three-year period, and you can also spread the income tax hit over three years. Remember, this is a penalty-free withdrawal, not an income tax-free withdrawal.<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68b582ac09bb9\" class=\" wd-rs-68b582ac09bb9 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title faqs-wrap \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title box-title-style-default wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_SECURE_Act\"><\/span>What is the SECURE Act?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A law enhancing retirement plan options, IRA contributions, and benefits for small businesses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_benefits_from_extended_IRA_contributions\"><\/span>Who benefits from extended IRA contributions?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Anyone over 70\u00bd who wants to continue saving for retirement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_changed_for_part-time_workers\"><\/span>What changed for part-time workers?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Long-term part-time employees can now join 401(k) plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_withdraw_for_a_new_child_or_adoption_without_penalties\"><\/span>Can I withdraw for a new child or adoption without penalties?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, up to $5,000 penalty-free from retirement accounts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happened_to_inherited_IRAs\"><\/span>What happened to inherited IRAs?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Beneficiaries (non-spouses) must fully distribute inherited IRAs within 10 years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_are_529_plans_affected\"><\/span>How are 529 plans affected?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Funds can now pay for apprenticeships, homeschooling, and student loans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_kiddie_tax_update\"><\/span>What is the kiddie tax update?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Reverted to pre-TCJA rules, potentially lowering taxes for children\u2019s unearned income.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_FCAA_Act_tax_relief_is_included\"><\/span>What FCAA Act tax relief is included?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Relief for private mortgage insurance, qualified tuition, energy-efficient homes, and medical expense thresholds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_excise_taxes_were_repealed\"><\/span>Which excise taxes were repealed?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Medical device tax and high-cost employer health plan (Cadillac) tax.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_access_retirement_funds_after_a_disaster\"><\/span>Can I access retirement funds after a disaster?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, up to $100,000 penalty-free, with three-year repayment and tax-spreading options.<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_row_inner equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; el_id=&#8221;getting-started&#8221; css=&#8221;.vc_custom_1728658184377{padding: 30px !important;background-color: #F4F1E8 !important;border-radius: 10px !important;}&#8221; woodmart_css_id=&#8221;67093aa4d95c5&#8243; responsive_spacing=&#8221;eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzA5M2FhNGQ5NWM1Iiwic2hvcnRjb2RlIjoidmNfcm93X2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=&#8221; mobile_bg_img_hidden=&#8221;no&#8221; tablet_bg_img_hidden=&#8221;no&#8221; woodmart_parallax=&#8221;0&#8243; woodmart_gradient_switch=&#8221;no&#8221; woodmart_box_shadow=&#8221;no&#8221; wd_z_index=&#8221;no&#8221; woodmart_disable_overflow=&#8221;0&#8243;<\/p>\n","protected":false},"author":6,"featured_media":21052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-1585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SECURE Act - WCG CPAs &amp; Advisors<\/title>\n<meta name=\"description\" content=\"The SECURE Act, Setting Every Community Up for Retirement Enhancement, was signed December 20, 2019 and effects business owners and other taxpayers a ton.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wcginc.com\/blog\/secure-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECURE Act including FCAA\" \/>\n<meta property=\"og:description\" content=\"The SECURE Act, Setting Every Community Up for Retirement Enhancement, was signed December 20, 2019 and effects business owners and other taxpayers a ton.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wcginc.com\/blog\/secure-act\/\" \/>\n<meta property=\"og:site_name\" content=\"WCG CPAs &amp; Advisors\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-03T10:03:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-26T16:36:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wcginc.com\/wp-content\/uploads\/SECURE-Act-including-FCAA-200x300-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jason Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jason Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SECURE Act - WCG CPAs & Advisors","description":"The SECURE Act, Setting Every Community Up for Retirement Enhancement, was signed December 20, 2019 and effects business owners and other taxpayers a ton.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wcginc.com\/blog\/secure-act\/","og_locale":"en_US","og_type":"article","og_title":"SECURE Act including FCAA","og_description":"The SECURE Act, Setting Every Community Up for Retirement Enhancement, was signed December 20, 2019 and effects business owners and other taxpayers a ton.","og_url":"https:\/\/wcginc.com\/blog\/secure-act\/","og_site_name":"WCG CPAs &amp; 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