The rules on inherited defined contribution plans (not just IRAs) seem like a moving target, but here’s what you need to know (as the rules stand now). In December 2019, the SECURE Act (version 1.0) flew through the House and Senate, attached to an appropriations bill. The measure, which stands for Setting Every Community Up for Retirement Enhancement, was the biggest piece of retirement legislation enacted since the Pension Protection Act of 2006. Convinced of this, I cleared my schedule to stu
SECURE Act contained most significant changes to qualified retirement plans, IRAs since Pension Protection Act of 2006; eliminated ability of most non-spouse QRP and IRA beneficiaries to receive distributions over beneficiary's remaining life expectancy.