Here are some key points:
The stretch-IRA has been eliminated and replaced with a 10-year mandatory payout for beneficiaries, except for certain ‘Eligible Designated Beneficiaries” (effective for 2020). This could provide a financial ‘time-bomb’ for the children of baby-boomers who stand to inherit during their prime earning years – what will tax brackets look like then? How will this affect their retirement security?
How will the new post IRA rules would work? Which IRAs will be most affected?
My 25-minute webinar will guide you through the key issues of The SECURE Act with what you need to know. Hope you find it helpful. You can register to attend here.