The SECURE Act's 10 Year Rule is Actually an 11 Year Rule?!? | Inherited IRAs

Описание: Do you have a tax-efficient distribution strategy for your inherited IRAs under the SECURE Act rule? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to https://www.safeguardinvest.com/contact.

The SECURE Act was a sweeping estate planning law that fundamentally changed the way you need to take RMDs from inherited IRAs.

Before, you could stretch RMDs across your life thus spreading the tax liability throughout your life.

Now, the stretch rules have been replaced by the 10-year distribution rule. This states that you need to withdraw the full inherited IRA balance within 10 years.

But this often-quoted 10-year distribution rule actually leaves more than 10 years to fully exhaust that IRA.

In fact, a confusing detail actually leads to the 10-year rule turning into an 11-year rule.

This video explains exactly why...

#SECUREACT #Estateplanning #InheritedIRAs

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