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Preparing for the SECURE Act

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The “Setting Every Community Up for Retirement Enhancement” Act, also known as the SECURE Act, was passed earlier this year by the US House of Representatives in a nearly unanimous vote.  Although the vote demonstrated strong bipartisanship support, Senate leader, Mitch McConnell, has yet to bring it to a vote.  Our next guest though, feels that some version will eventually make it into law and therefore feels you should know a little more because it would bring significant changes to retirement planning.

Mike Switzer interviews Chris Cabri, a certified financial planner with Ameriprise Financial Services in Greenwood, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.