Is the Roth IRA still the best option for your fixed annuity when considering the SECURE Act?

by Retirement Advisor | Dec 1, 2022 | Inherited IRA | 1 comment

So is the Roth IRA the best option for your fixed annuity? I mentioned in a prior video that a Roth IRA provides the best tax consequences for your fixed annuity of all of your choices.

And if your fixed annuity provides lifetime income, you have a double benefit of favorable tax benefits and never outliving your money! Who could want for more?

Well, let me throw in one more curveball. What are the consequences of a fixed annuity if it is in an inherited Roth IRA? You generally don’t have to pay taxes on an inherited Roth IRA.

So you would think there are no ramifications from the 10-year rule of the SECURE Act for non-spouses since the intent is for the government to get their tax dollars sooner. But there are…

If the SECURE Act is a factor for an inherited Roth IRA, could there possibly be a better choice than a Roth IRA when considering multi-generational wealth building in addition to tax benefits and lifetime income?

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Table of Contents:

01:26 – What is the SECURE Act?
02:50 – Is the Roth IRA Subject to the SECURE Act?
04:01 – Consequences of the SECURE Act
05:35 – Can’t have both… Which Do You Choose?
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▶️ Other videos:
• Lifetime Income and Tax Benefits:
• SECURE Act Explained, Part 1:
• SECURE Act Explained, Part 2:
• Tax Advantages for Annuities:
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**Healthy in Retirement makes content available as a service to its customers and other visitors, to be used for informational purposes only. While my best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action. Guarantees are based on the claims paying ability of the issuing company.
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