Wow, 2020 has been a wild ride so far. We started the year off with what seemed like a strong stock market, solid economy, and no fears of COVID-19. That quickly changed less than three months into the year as much of the country came to a standstill after Coronavirus reached our shores. It’s fair to say it’s been a bit of a rough ride since then. It’s also hard to say what the rest of the year will bring. However, 2020 has also brought some big changes to retirement saving and planning. First off, the SECURE Act was signed into law in late December 2019 and while the changes it brings about might not be immediately felt, it could have a big impact of how people save and when they plan to tap into their retirement accounts. Then, in late March, Congress passed Coronavirus-related legislation that waived required minimum distributions (RMDs) for 2020 and allowed for penalty-free Coronavirus distributions in certain situations. These changes are more immediate and can could provide relief for those out of work due to state shutdowns or layoffs. As we move into the second half of 2020 there is still a lot of uncertainty regarding what the future may hold. We are still struggling to maintain COVID-19 and there are differing views about how to combat the virus. It remains to be seen if further economic relief or short-term allowances may be needed to help people get through these times. So what does this all mean for you? Well, this is a good chance to really think about your retirement savings as well as get a little creative when it comes to saving. If you are nearing retirement, maybe you want to take advantage of the push back of RMD age that was part of the SECURE Act. Or maybe, if you find yourself not back at work yet, maybe you start thinking about your next career–possibly something you can do in retirement. Now is also a good time to assess your retirement savings plan and make sure it can still get you where you want to go and make the changes you need to. What will the second half of the year bring for you?