--- title: "The SECURE Act of 2019: What You Need to Know" description: The SECURE Act included major changes to some of the most popular retirement plans with the goal of easing the looming retirement savings crisis. In this special presentation, Allworth Financial CEO Scott Hanson lays out the specifics of the new law, and then explains to viewers how to manage tax-deferred retirement accounts going forward. --- # The SECURE Act of 2019: What You Need to Know Following a decade of calls to reform laws pertaining to IRAs (and other tax-deferred retirement accounts), the Setting Every Community Up for Retirement Enhancement (SECURE) Act passed through Congress and was signed into law in December of 2019. This Act included major changes to some of the most popular retirement plans with the goal of easing the looming retirement savings crisis. **In this special presentation, Allworth CEO Scott Hanson lays out the specifics of the new law, and then explains to viewers how to manage tax-deferred retirement accounts going forward.** ### Why was the SECURE Act passed? Life expectancy continues to grow, and more and more people are finding themselves in serious financial trouble as their time in retirement continues to extend. At one time, an individual could expect to spend 10-20 years in retirement. With modern medical and technological advancements, however, increasing numbers of people may end up spending 20-30 years in retirement, which will require more planning and more saving. The SECURE Act was designed with the goal of helping more Americans save for retirement, including making it easier for small businesses to offer their employees 401(k) plans. But, make no mistake, the SECURE Act has major implications for people with IRAs, employers who sponsor retirement plans, and for people who have an employer-sponsored defined contribution plan (such as a 401(k)). © 1993-2026, Allworth Financial. All rights reserved. - [![Linkdin Logo](https://allworthfinancial.com/hubfs/images/socials/linkedin%20(2).svg)](https://www.linkedin.com/company/allworth) - [![Twitter X Logo](https://allworthfinancial.com/hubfs/images/socials/square-x-twitter%20(2).svg)](https://twitter.com/AllworthRetire) - [![Facebook Logo](https://allworthfinancial.com/hubfs/images/socials/facebook%20(2).svg)](https://www.facebook.com/AllworthFinancial) - [![Youtube Logo](https://allworthfinancial.com/hubfs/images/socials/youtube%20(2).svg)](https://www.youtube.com/channel/UCi3mTR9DpHN8-capxwC6o2w) [Privacy Policy](https://allworthfinancial.com/disclosures/#privacy-policy)   |    [Disclosures](https://allworthfinancial.com/disclosures)   |    Cookie Preferences   |    Do Not Sell or Share My Personal Information   Advisory services offered through Allworth Financial, a Registered Investment Advisor | [Disclosures](https://allworthfinancial.com/disclosures) | [Privacy Policy](https://allworthfinancial.com/disclosures/#privacy-policy) Securities offered through AW Securities, a Registered Broker/Dealer, member FINRA/SIPC. Check the background of this firm on [FINRA's BrokerCheck.](https://brokercheck.finra.org/) HMRN Insurance Agency, LLC license #0D34087 1Barron’s 2024 Top 100 RIA Firms. Barron's© magazine is a trademark of Dow Jones L.P. The ranking of independent advisory companies is based on assets managed by the firms, growth, technology spending, succession planning, and other metrics.  2 Retention Rate Source: Allworth Internal Data, FY 2022 3 The NBRI Circle of Excellence Award is bestowed upon NBRI clients meeting one or both of the following criteria: Total Company score at or above the 75th percentile of the NBRI ClearPath Benchmarking Database and/or improvement of five (5) or more benchmarking percentiles in Total Company score over the previous survey.  4 As of 1/1/2025, Allworth Financial, an SEC registered investment adviser and AW Securities, a registered broker/dealer have approximately $26 billion in total assets under management and administration.  *5 InvestmentNews 2020 and 2021 Best Places to Work for Financial Advisers. The ranking reflects survey responses and scores completed by both employers and employees. Employers report their organization’s workplace policies, practices, and demographics. Employees complete a survey designed to measure the employee experience. * 6  2021 Value of an Advisor Study / Russel Investments *7 Ranked 9th Top Wealth Managers By Growth in Assets in the U.S. from RIA Channel, 2022. RIA Database and RIA Channel are registered trademarks owned by Labworks, LLC.* *8 **USA Today Best Financial Advisory Firms 2024. The ranking is based on the growth of the companies’ assets under management (AUM) over the short and long term and the number of recommendations they received from clients and peers.* *9 NBRI Best in Class Ethics 2023. The Best in Class level is bestowed upon clients performing at or above 90 percentile of the NBRI ClearPath Benchmarking Database.* ✢ Scott Hanson, Investment Advisor 2005, 25 most influential people in the financial services industry. The ranking reflects 25 people who Investment Advisor magazine believes have had or will have the greatest influence on the financial services industry. ✼Pat McClain, InvestmentNews 2014, Invest in Others Community Service Award, presented to an advisor who has made an outstanding impact on a community through managerial contributions to a non-profit organization. †Financial Times, FT 300 Top Registered Investment Advisers, June 2019. The ranking reflects six areas of consideration including the company's years in existence, industry certifications of key employees, AUM, asset growth, SEC compliance record and online accessibility and calculates a numeric score for each company.  Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. **Important Information** The information presented is for educational purposes only and is not intended to be a comprehensive analysis of the topics discussed. It should not be interpreted as personalized investment advice or relied upon as such. Allworth Financial, LP (“Allworth”) makes no representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of the information presented. While efforts are made to ensure the information’s accuracy, it is subject to change without notice. Allworth conducts a reasonable inquiry to determine that information provided by third party sources is reasonable, but cannot guarantee its accuracy or completeness. Opinions expressed are also subject to change without notice and should not be construed as investment advice. The information is not intended to convey any implicit or explicit guarantee or sense of assurance that, if followed, any investment strategies referenced will produce a positive or desired outcome. All investments involve risk, including the potential loss of principal. There can be no assurance that any investment strategy or decision will achieve its intended objectives or result in a positive return. It is important to carefully consider your investment goals, risk tolerance, and seek professional advice before making any investment decisions.