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. …

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….