Who says Washington can’t agree on anything?

With bipartisan support, Congress just passed and the President signed the SECURE Act, legislation that provides significant changes and incentives to further help Americans save for retirement. Most of the provisions will take effect on January 1, 2020.

So, what does this mean for your IRA and 401(k)? Among its major features, the SECURE Act:

To start saving for your child’s education or building that nest egg with a Firstrade custodial account. Firstrade makes it easy to open and manage with no custodian income limits or minimum deposit requirements.

What exactly is a custodial account you ask?

We’ve talked before in previous posts about the great potential upside of Exchange-Traded Funds (ETFs) Remember, at Firstrade, all of our 2,300 ETFs are commission free and we make it easier to select the right ones for you.

Cash management accounts are becoming increasingly popular, particularly on the international scene. So, what is a CMA?

A recent Barron’s article by Jack Hough, “Bet on a Baby Bounce,”(link) presents an intriguing (and somewhat tongue in cheek) argument that the economy will do better if millennials simply decide to have more babies. Sounds reasonable, right?