Boyes, Farina & Matwiczyk

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Monthly Archives:December 2019

New retirement legislation comes at a cost to inherited IRA beneficiaries: The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019

December 30, 2019

New retirement legislation was signed into effect just before Christmas, on December 20, 2019.  Non-spousal beneficiaries of inherited IRAs are now required to withdraw all of their money within 10 years.  Previously, non-spousal beneficiaries could opt to take only required minimum distributions over their life expectancy, potentially allowing the funds to grow tax-free for years.  This is now not possible, due to the elimination of these “stretched” distributions.

Beginning in 2020, under the new Secure Act, non-spousal beneficiaries of IRAs are required to take the entirety of the funds within 10 years after the death of the initial account owner, and then close their account, regardless of tax consequences. …

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Judy Daily Named Florida Certified Paralegal – Paralegal Association of Florida

December 2, 2019

Boyes, Farina & Matwiczyk, P.A. today announced Judy Daily has passed the Florida Certified Paralegal (FCP) exam offered by The Paralegal Association of Florida (PAF). The FCP designation complements the prerequisite national paralegal certification Daily earned from The National Association of Legal Assistants (NALA) in February.

“I have nearly three decades of experience in the legal field, but there is always more to learn,” Daily said. “Pursuing FCP certification was the next step to becoming more effective in my position….

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