The SECURE Act Changes the Way People Will Inherit Money: Are You Hit by the New Rules?

The American College of Financial Services
December 29, 2019

The SECURE Act looks to be a game-changer for many retirees, especially in the area of inherited IRA accounts, which new regulations threaten to tax at a much higher rate than previously. But there are some ways around the rules that could help retirees get the most of their savings to those they want to have it.

Steve Parrish, co-director of our Retirement Income Center, says using life insurance policies could be one method of minimizing tax burdens on retirement savings withdrawals while preserving the most value for you or your client’s dollars.

For more, see Parrish’s comments to MarketWatch this week on the probable implications of the SECURE Act’s elimination of “stretch” IRAs, and what you can do to make the new rules work for you.

Read on here.

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