Co-Founder of Red Feather Financial, Dr. Sabrina Scott Reposts A Revised Version Of An Article She Wrote Prior To And In Anticipation Of The Passing Of The SECURE Act
Dr. Sabrina Scott revisits highlights of the new SECURE Act and the significance it has for everyone with a retirement account, anyone working beyond retirement age and/or anyone who is expecting to inherit a large retirement account from a parent or spouse and more.
DECATUR, GA, February 3, 2020: Dr. Sabrina Scott, co-founder of Red Feather Financial, has posted a new article on the firm’s website entitled “How the New SECURE Act Could Affect Your Retirement Account.” Dr. Scott anticipated the passing of the new Act and reposts her revised article to remind readers there are actions that will need to be taken.
Dr. Scott writes, “Back in June of last year, shortly after the House of Representatives passed the SECURE Act on May 23rd, I wrote a piece for our newsletter anticipating that the act would go all the way through the Senate highlighting the main components of the new act.” She continues, “I am posting the same piece again with slight revisions since the Act went into effect on January 1 of this year.”
“One of the things Victoria and I do to prepare for new clients and continue to serve current clients,” writes Dr. Scott, adding, “is to keep abreast of changes in the law that may impact planning for retirement and long-term care. One of those changes is the Setting Every Community Up for Retirement Enhancement Act of 2019 also known as the SECURE Act. On May 23, 2019, the U.S. House of Representatives passed the SECURE Act by a vote of 417 to 3 and the Senate also passed the act in December.”
As Dr. Scott points out, “This is the biggest change to the U.S. retirement system since 2006 and the Pension Protection Act. The reasons the Act went through are many.” She elaborates, “Americans are living and working longer than ever before, and too many have inadequate savings as they enter retirement. Currently, 40% of private-sector workers do not have access to a workplace retirement plan. The SECURE Act will increase workers’ access to retirement savings and allow them to make contributions for as long as they are working.”
The entire article can be read at https://redfeatherfinancial.com/how-the-new-secure-act-could-affect-your-retirement-account/
About Dr. Sabrina Scott
Sabrina Scott learned about Veterans Benefits and Medicaid when her parents sought legal services for long-term care. Confident she could find ways to preserve her family’s resources and still get access to Government Assistance, Sabrina felt there should be more options than relying on welfare. As a result, Dr. Scott became an investment advisor representative who can make recommendations regarding securities and became licensed in insurance as well. She co-founded Red Feather Financial with Victoria Collier to help those who want to have a plan in place in order not to outlive their resources and who do not want to be a burden to their children.
About Victoria Collier
Victoria L. Collier, CELA founded The Estate & Asset Protection Law Firm to serve the legal needs of retiring individuals. Victoria is also Co-Founder of Red Feather Financial. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit.
About Red Feather Financial
Red Feather Financial is an independent financial advisory firm born with a singular mission: to financially empower our clients and protect their financial future. Most people come to see us because they are worried about having enough money for retirement and long-term care costs. We help by showing our clients how they can leverage their assets in the most tax-efficient and cost-effective ways.