It is our mission to educate and motivate people to take positive financial actions in their lives, and we welcome the opportunity to share this important information with those seeking it.
The SECURE Act is now law.
What you need to know.
If your assets are highly concentrated in retirement accounts, then this legislation is particularly significant. It is now even more important to review your existing plans with your trusted advisers (financial planner, attorney, accountant) to make sure your intentions are still being properly planned for in light of this new law.
Specifically, this paper will discuss changes to the inherited IRA distribution rules, navigating the new “ten-year rule” and why it is more important than ever to review:
- The beneficiaries of your retirement accounts
- Your retirement income distribution plans
- Your plan for managing RMDs for yourself and your beneficiaries