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re: Congress is considering big changes to the way you retire
Posted on 8/11/19 at 2:30 am to LSURussian
Posted on 8/11/19 at 2:30 am to LSURussian
Under current rules inherited IRA can be withdrawn using 5 year method or over beneficiary's lifetime as using life expectancy method. Secure Act proposal would eliminate the ability to distribute over beneficiary's entire lifetime.
Now who's the dumbass?
Here's a Forbes article better explaining the impact on non spouse beneficiary inherited IRAs. Secure Act Stretch IRA Impact
Now who's the dumbass?
Here's a Forbes article better explaining the impact on non spouse beneficiary inherited IRAs. Secure Act Stretch IRA Impact
Posted on 8/11/19 at 10:46 am to TorchtheFlyingTiger
You may be right but the statement below from your Forbes link sums up my opinion regarding the new IRA proposal:
quote:
Nonetheless, for most people it's unlikely the Stretch IRA limitations will have a major impact.
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