What the SECURE Act Means for Business Owners and Employees with Brian Hartstein

The SECURE Act of 2020 made some of the biggest changes to retirement planning in the last decade. Business owners and employees alike have a number of options, opportunities, and potential issues to consider in the wake of these new rules and regulations, and great advice can be the difference between saving big and missing out.

Joining me today to talk about these developments is Brian Hartstein. Brian is Bayntree Wealth Advisors’ Director of Corporate Development. He has over 30 years of experience handling 401(k)s, CPAs and CPA firms, and pension plans, and even worked in his family’s third-party administration firm’s office when he was a middle-schooler.

Today, Brian and I talk through how the SECURE Act is changing tax planning and what you should focus on and look at as you review your plans and make changes. As an added bonus, if you have a retirement planning question for Brian that wasn’t covered in today’s episode, email us at info@bayntree.com and he’ll answer it, no commitment necessary.

Listen on your favorite platform:

Apple | Spotify | YouTube

In this podcast interview, you’ll learn:

  • What the SECURE Act is designed to do - and why now is a great time for everyone to reassess their retirement plans.
  • How the Small Employer Plan Startup Credit and Automatic Enrollment Credit are making it easier for businesses to implement retirement plans and for employees to save.
  • Why multiple employer plans likely won’t be a great choice for many businesses.
  • Why some people are better served by IRAs than limited employer plans.
  • How the SECURE Act possibly benefits and protects employees working less than 1,000 hours a year.
  • Why retirement planning is never really over - and how to make the most of this process.

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