On December 20, 2019, President Trump signed the government’s must-have, year-end spending bill, the Further Consolidated Appropriations Act, 2020, into law. The last minute addition of the Setting Every Community Up for Retirement Enhancement (SECURE) Act provisions to the spending bill means a landslide of retirement policy changes, many of which are effective in 2020. The new law makes broad changes to almost all aspects of the U.S. retirement system. Investors as well as everyone in the retirement services industry will likely be affected to some degree as a result of the comprehensive provisions that impact IRAs, 403(b) plans, 401(k) plans and 529 plans.
*Disclaimer: This recording is not eligible for Continuing Education Credits.
Richard W. Rausser has more than 30 years of experience in the retirement benefits industry. He is Senior Vice President of Thought Leadership at Pentegra, a leading provider of retirement plan and fiduciary outsourcing to organizations nationwide. Rich is responsible for helping to shape and define Pentegra’s viewpoint on workplace retirement plans, plan design strategy, retirement success and employee savings trends. His work is used by employers, employees, advisors, policymakers and the media to produce successful outcomes for American workers. In addition, Rich is responsible for Pentegra’s Defined Benefit line of business, which includes a team of Actuaries and other retirement plan professionals as well as Pentegra’s BOLI line of business. He is a frequent speaker on retirement benefit topics; a Certified Pension Consultant (CPC); a Qualified Pension Administrator (QPA); a Qualified 401(k) Administrator (QKA); and a member of the American Society of Pension Professionals and Actuaries (ASPPA). He holds an M.B.A. in Finance from Fairleigh Dickinson University and a B.A. in Economics and Business Administration from Ursinus College.