Have you recently inherited an IRA from a parent or someone other than your spouse? Maybe you expect to in the future. There have been some recent developments regarding the SECURE Act that you should be aware of. Senior Wealth Advisor, Blaine Carr breaks it down in Part 2 of our SECURE Act 2.0 series.... ( read more )
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With the passage of the SECURE Act 2.0, there are now important changes to consider when inheriting an IRA. The SECURE Act 2.0 is a piece of legislation aimed at making it easier for people to save for retirement. It includes provisions that allow for more flexibility when it comes to inheriting an IRA. The most important change is that the required minimum distribution (RMD) age has been increased from 70.5 to 72. This means that if you inherit an IRA from someone who passed away after Decemb...
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