January 17, 2020 — On January 15, President Trump and Vice Premier of the People’s Republic of China Liu He signed a Phase 1 trade deal, bringing a hiatus—though likely not an end—to two years (almost to the day) of tariff threats and levies on goods traded between the U.S. and China.The Phase 1 deal covered several areas, some more fully than others.
The SECURE Act contains many changes for individuals with retirement plans as well as small businesses with retirement plans.The elimination of the “stretch” provisions for most non-spouse beneficiaries of IRAs and defined contribution plans (like a 401(k)) is perhaps the most significant and publicized change that is brought about by the SECURE Act.The Act provides for a later starting date for required minimum distributions (RMDs) from retirement accounts, up to 72 from 70½.
This article reprint was published in the October 2019 issue of New Jersey Business and provides an overview of protecting assets with a prenuptial agreement. Issues such as the legal aspects of creating a prenuptial agreement are discussed.Financial arrangements and child custody considerations are also covered.The authors offer a reminder that lack of proper pre-marital planning, particularly for business owners, can be disastrous.
