Changes are coming to the way you'll save and spend your retirement funds, some good, some not so much. Were reminded of that ancient saying, Change is inevitable except from a vending machine. But seriously, folks, the SECURE Act, signed into law in December, makes significant changes to qualified retirement plans like the 401k and IRA among other things. Financial planner and teacher Rob West breaks them down for us. SECURE Act stands for Setting Every Community Up for Retirement Enhancement. One of the more significant changes raises the age you have to start taking RMDs,required minimum distributions, from 70 to 72. The maximum age you can contribute to your traditional IRA is gone. The stretch IRA has been eliminated. Starting next year, small companies will be allowed to join together into a group for 401k purposes. Part of the SECURE Act now allows parents to withdraw up to $5,000 from a retirement account, penalty free, for a full year after a birth or adoption.