Inherited IRA’s
I was reading about the possible changes under the SECURE Act as it pertains to Inherited IRA’s. It noted that the Inherited account would have to be depleted within 10 years. How would this impact existing Inherited accounts. Would they be grand- fathered?
Permalink Submitted by Alan - IRA critic on Fri, 2019-07-05 17:06
If the non spouse beneficiary stretch limitation passes, it will only apply to IRAs inherited after the effective date of the provision. Most likely, the effective date would be 1/1 of the year following passage of the bill. Provisions of the SECURE Act will likely be melded with those of the Senate RESA bill in conference committee, so it is far from clear what the final provisions might be.