Month: July 2023

On December29,2022,President Biden signed the “Consolidated Appropriation Act, 2023” into law which includes the SECURE 2.0 Act of 2022 (“Secure 2.0”). Secure 2.0 incorporates important enhancements to regulations affecting retirement savings and ABLE accounts.   Delay in Start Date for Required Minimum Distributions (“RMDs”) – Among the most far-reaching of the changes brought about by...

June is a very exciting time for parents across the country. Commencement season is here and families are getting ready to send their graduates off to college. For many, this will be the first time that their child will be living on their own. Under New York State law, an individual is considered an adult...