A Safer Retirement and Environment – What We’re Implementing to Help Keep You Safe: READ MORE

Here at Chadmere Capital Inurance and Financial Services, we are adhering to state and local guidelines in order to protect both the health and safety of clients and staff. Keeping our clients and staff safe is our highest priority and we’re taking all appropriate measures to ensure a safe environment. Should you prefer to not meet face-to-face, we are continuing to serve our clients through virtual settings such as Zoom or phone calls.

We look forward to continuing to help individuals and families achieve their ideal retirements.

Chademere Capital Insurance and Financial Services
(803) 285-0060



Sarah Brenner
IRA Analyst


With the SECURE Act, can a person who is older than 70 ½ fund a 2019 Traditional IRA?  The SECURE Act goes live on 1/1/2020, and an IRA can be funded up to 4/15/2020 for the previous year.  Any reason they cannot?


Unfortunately, the answer is no. The new rule eliminating the age limit for traditional IRA contributions is effective January 1, 2020. Prior year contributions for 2019 would be subject to the old rules, including the age limit. The bad news is that a 2019 contribution would not be allowed. The good news is that for 2020 and later years, the age limit is gone.


Good Day,

We unfortunately lost a special family member at the end of October. Her employer sponsored savings plan was to be inherited primarily by her two adult daughters. but the paperwork from Vanguard has yet to be distributed to all beneficiaries. Do you know if the SECURE Act will be enforced for those accounts established after January 1, 2020, or if it will be driven by the date of death of the original account holder?

Getting this passed this late is going to cause major work for the brokerage and investment houses over the last week of 2019.

Thanks in advance for your time and consideration.




Hi Art,

Sorry for your loss. Because your friend passed away in 2019, she is subject to the old rules and the stretch would be available to her beneficiaries. This is true regardless of when the paperwork is processed. The new SECURE Act rules limiting the stretch will only apply to beneficiaries of IRA owners who die after December 31, 2019.


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Investment advisory services offered through Foundation Investment Advisors, LLC, a SEC-Investment Advisor Representative. Foundation Investment Advisors, LLC does not provide legal or tax advice. Investment Advisor Representatives of Foundation Investment Advisors, LLC may only conduct business with residents of the states and jurisdictions in which they are properly registered or exempt from registration requirements. Insurance and annuity products are sold separately through Chadmere Captial. Securities transactions for Foundation Investment Advisors, LLC clients are placed through TD Ameritrade.