You may have heard that the federal appropriations bill enacted into law by Congress and the President in the final weeks of 2019 includes changes to the federal tax code that may affect your qualified retirement plan (such as a 401(k)) or IRA (sometimes called “retirement assets” in this letter).  Those changes, often referred to as the “SECURE Act,” may affect you during your lifetime, but may also affect the way in which those retirement assets may be distributed to your beneficiaries after your death.  Significantly, the SECURE Act may impact the timing and amount of tax paid by those beneficiaries on distributions of the retirement assets, as well as your ability to protect the retirement assets from the beneficiaries’ creditors, and ultimately may affect the value of those retirement assets in the hands of the beneficiaries.