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What’s the latest news about the SECURE Act and inherited IRAs? The SECURE Act was the death of the stretch IRA. Previously, inheritors were allowed to stretch out the withdrawals of the inherited IRA over their life expectancy. The SECURE Act that was enacted at the beginning of 2020 changed things to the 10-year rule. But is it what we thought it was?
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What we discuss on this episode:
0:20 – Sean is living the spring dream.
1:20 – The RMD rule in the SECURE Act is not what you think.
2:36 – What is the new rule?
5:04 – What happens if someone leaves you money in your prime income years?
7:05 – Are you tax planning?
8:45 – What questions should you ask your advisor?…(read more)
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