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Changes to post-death distribution rules from the SECURE Act have important implications for Designated Beneficiaries as well as their Successor Beneficiaries.
Learn about the new rules for inherited IRAs that will go into effect on Jan. 1, 2025, and how they affect traditional and Roth accounts. Find out the differences between designated beneficiaries ...
Learn how the SECURE Act affects the distribution options for successor beneficiaries of inherited IRAs. See examples of different scenarios and how the 10-year rule applies to them.
Learn how the SECURE Act and its latest version, SECURE 2.0, affect inherited IRA distribution rules and options for surviving spouses and nonspouse beneficiaries. Compare the advantages and disadvantages of assuming, taking life expectancy payments, or converting inherited IRAs.
Learn how the 10-year rule affects different classes of beneficiaries of IRAs and other tax-deferred retirement accounts. Find out when the rule applies, how it works, and what options are...
Learn how to name a successor beneficiary for an inherited IRA and the rules and tax implications of the SECURE Act. Find out the difference between eligible designated beneficiaries and...
Many beneficiaries who inherited IRAs in 2020 or later have struggled with the changes to inherited IRA rules that were part of the SECURE Act of 2019. While the act passed in 2019, the IRS didn't release proposed regulations on the changes until 2022, and issued final regulations only a few months ago.
Learn how the Secure Act changed the rules for inherited IRAs, including the 10-year rule and the stretch IRA for eligible designated beneficiaries. Find out who qualifies as an EDB and how to...
Generally, individuals who inherited retirement accounts in 2019 or before will fall under the old rules—however, any successor beneficiary who inherits a retirement account in 2020 or after will be covered by the new rules.
Now, for IRAs inherited from the original owners who passed away on or after January 1, 2020, the new law requires most beneficiaries to withdraw assets from an inherited IRA or 401 (k) plan within 10 years following the death of the account holder.