The IRS may be switching up the regulations for inherited IRAs once again. If it feels like playing a game with a friend who changes the rules as they go, trust your instincts. And unfortunately, like playing with your “clever” friend, these new rules aren’t designed to benefit you.... ( read more )
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The Secure Act 2.0 is an updated version of the original Secure Act which was passed in December 2019. The new act seeks to provide more protection for retirement savings and encourages individuals to save more for retirement. The updated act includes several changes, including increased age limits for required minimum distributions (RMDs) and more flexibility for small businesses to offer retirement plans to their employees. However, a significant change that has caught many by surprise is the new rules for inherite
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