TAKING THE SIE OR SECURITIES INDUSTRY ESSENTIALS EXAM? KNOW IMPORTANT CHANGES TO IRA'S IN THE SECURE ACT OF 2020

Are you planning on taking the Securities Industry Essentials Exam, or the SIE? Then make sure that you know the important changes made to IRA plans and 529 education accounts by the Secure Act of 2020.

 Here are some of the new changes.

 Secure Act of 2020—This act allows a holder of an IRA to delay until age 72 (increased from 70 ½) the mandatory obligation to begin withdrawing funds, or taking the required minimum distribution (RMD). It also allows using monies in a 529 education savings plan to pay off $10,000 of the beneficiary's student debt, and another $10,000 for each sibling of the beneficiary for the purpose of  paying off the siblings' education indebtedness.
If you are fuzzy about these new provisions, meaning that you are unable to confidently explain, for example, when a person must begin taking required minimum distributions (RMD) from his/her Traditional IRA, then you need to do more serious study preparation. 

Bob Eder J.D.'s book Study for the Securities Industry Essentials (SIE) Exam covers the important provisions of the Secure Act of 2020 as they relate to IRA's and 529 plans. Bob Eder's book is available from Amazon in both paperback and Kindle e-book versions. 

Here is the link to Bob Eder's book on Amazon.


 Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. He is a member of the Utah State Bar, although he does not currently practice law.


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