On December 20, 2019, President Trump signed into law the SECURE Act Setting Every Community Up for Retirement Enhancement), which was surprisingly included a last-minute appropriations bill designed to avert a government shutdown before the end of the year. The new law will now affect how individuals are able to save money for their retirement, and how heirs will eventually be able to use those funds once the account holder has passed away. Key changes under the SECURE Act include the following: