The Secure 2.0 Act, passed in December, contains more than 90 provisions affecting retirement savings plans, such as individual retirement accounts and 401(k) workplace plans. The Secure 2.0 Act, passed in December, contains more than 90 provisions affecting retirement savings plans, such as individual retirement accounts and 401(k) workplace plans. Only some changes are effective […]
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Is it Time to Review Your IRA Estate Planning Strategies?
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, which was passed in December 2019 as part of a larger federal spending package, included a provision that warrants special attention from those who own high-value IRAs. Specifically, the “stretch” IRA provision — which permitted no spouse beneficiaries who inherited IRAs to spread distributions over […]