Congress has passed the SECURE Act, which became effective January 1, 2020. Required Minimum Distribution (RMD) and Contribution Age raised from 70½ to age 72. The SECURE Act eliminates the “stretch IRA,” an estate planning method that allows IRA beneficiaries to stretch their distributions from their inherited account. Will allow withdrawals from a 401(k), IRA or other retirement account prior to age 59½ for child birth and adoption cost without penalty.
Spam was introduced more than 80 years ago. For 2019, Hormel reported that Spam had its fifth consecutive year of record sales.
According to YouGov, 36% of millennials polled say that they approve of communism, which is up significantly from 28% in 2018.
Changes in Lattice Semiconductor management continue as board member Brian Beattie resigned effective Dec. 31. He had been on the Lattice board since 2016.That leaves the Lattice board with nine members, five of whom have joined since 2018.
U.S. hop production set a record high above 100 million pounds for the third year in a row in 2019. At 112 million pounds, the crop was up 5%, according to a report from USDA’s National Agricultural Statistics Service. Oregon production was up 12% at 13 million pounds.