SECURE Act
Doug is a Chartered Alternative Investment Analyst who spent more than 20 years as a derivatives market maker and asset manager before “reincarnating” as a financial media professional a decade ago.
Before joining Britannica, Doug spent nearly six years managing content marketing projects for a dozen clients, including The Ticker Tape, TD Ameritrade’s market news and financial education site for retail investors. He has been a CAIA charter holder since 2006, and also held a Series 3 license during his years as a derivatives specialist.
Doug previously served as Regional Director for the Chicago region of PRMIA, the Professional Risk Managers’ International Association, and he also served as editor of Intelligent Risk, PRMIA’s quarterly member newsletter. He holds a BS from the University of Illinois at Urbana-Champaign and an MBA from Illinois Institute of Technology, Stuart School of Business.
Jennifer Agee has been editing financial education since 2001, including publications focused on technical analysis, stock and options trading, investing, and personal finance.
The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) made major changes to the rules around required minimum distributions, or RMDs, which are the minimum amounts investors must withdraw from their tax-advantaged retirement plans after reaching a certain age. Before the SECURE act, individuals had to begin taking RMDs at age 70 1/2. Under the SECURE act, that changed to age 72 starting January 1, 2020. The law also removed the age limit for IRA contributions.