76 Wealth Advisory Newsletter

1st Quarter, 2020


First and foremost, I would like to extend a very big thank you to the clients who have followed me on the path to independence. 76 Wealth Advisory was founded in August of 2019 on two core principles: 1) Independence is the only way to truly serve clients in their best interest, and, 2) Communication, transparency and education are crucial to maintaining lifelong client relationships.

Please enjoy the first edition of the 76 Wealth Advisory Newsletter. This will be published on a quarterly basis and will combine the latest in financial planning news with fun topics like books we are reading, podcasts we are listening to, and wines we are currently enjoying. Please feel free to share any of your favorites as well.

Financial Planning

Passing of the SECURE ACT

In December of 2019, Congress passed the SECURE Act (Setting Every Community Up For

Retirement Enhancement). This is one of the biggest changes to the retirement

landscape in years. Please see below for some of the major provisions that will most

likely have an impact to you and/or your family. For a detailed analysis or discussion, please contact our office to set up a time to talk.

  • “Stretch” IRA rules will require most beneficiaries to withdraw an inherited IRA within 10 years, instead of over their lifetime
  • RMD (required minimum distribution) age has been increased from 70.5 to 72
  • 529 plans will allow up to $10,000 to repay student loans
  • 529 plans now allowed for Labor Department registered apprenticeship programs
  • IRA Contribution age cap has been removed
  • Penalty free retirement account distributions up to $5,000 for new parents (birth or adoption)

Recent Books

  • Lou - “Bad Blood” by John Carreyrou – Secrets and Lies in a Silicon Valley Startup
  • Lou - “The President is Missing” by James Patterson
  • Julie - “A Spark of Light” by Jodi Piccoult
  • Louie - “The Lightning Thief” by Rick Riordan
  • Will – “Complete Guide to the 50 States” by Nancy Dickmann

Recent Podcasts

  • Gladiator - Boston Globe Spotlight team’s focus on Aaron Hernandez
  • Blood Ties – Fiction, family members are not always who we think they are
  • WeCrashed – The rise and fall of WeWork

Favorite Wines

  • Value: Pendulum, $12.99, 2016 Columbia Valley Blend
  • Mid-Range: Justin, $25.99, 2017 Paso Robles Cabernet
  • Collector: Hartford Four Hearts, $39.99, 2015 Sonoma Chardonnay

76 Wealth Advisory

90 East Halsey Road, Suite 351

Parsippany, NJ 07054




76 Wealth Advisory is not affiliated with American Portfolios Financial Services, Inc. or American Portfolios Advisors, Inc. and does not offer securities or advisory services. 76 Wealth Advisory only offers insurance products and services. Securities offered through American Portfolios Financial Services, Inc. (APFS) Member: FINRA/SIPC. Investment Advisory Products/services are offered through American Portfolios Advisors, Inc., an SEC Registered Investment Advisors.