Episode 182: Clarification About Inherited IRAs

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Today’s Smart Money Question:

There has finally been some clarification from the IRS about the SECURE Act rule regarding inherited IRAs from 2020 and beyond. We’ve had some questions from clients about this, so it’s great to finally have some answers.

It’s important for you as an owner of an IRA, 401k, etc. to know how this works and understand it. It’s also important for your heirs to understand this important topic and know what tax bracket they might be in. This show will try to help provide a little clarity and answer some of the questions we’ve been hearing.

 

On today’s show, here’s some of what you’ll learn:

  • What happened with the SECURE Act’s stretch IRA? 4:16
  • How did the government create confusion? 7:03
  • What happened to the minimum distribution age? 11:27

If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.

 

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