[ad_1]
The Setting Each Neighborhood Up for Retirement Enhancement (Safe) Act of 2019 upended the withdrawal and taxation guidelines for inherited particular person retirement accounts for many non-spousal beneficiaries.
Most dramatically, the Safe Act established a 10-year rule for withdrawing from inherited IRAs that eradicated the favored, however at instances controversial, capacity to “stretch” inherited IRAs for these beneficiaries. However the legislation additionally included a big variety of different essential adjustments that monetary advisors and their shoppers should grapple with within the earnings planning and property course of.
Ann Hagerty, superior gross sales counsel at Securian Monetary, lately walked via this historical past for reporters and monetary professionals throughout an in-depth webcast presentation by the Monetary Planning Affiliation, throughout which she dissected the massive adjustments made to IRA beneficiary and inheritance guidelines in recent times.
See the accompanying slide deck for key details about a number of forms of IRA beneficiaries, drawn from Hagerty’s presentation.
[ad_2]