WebJul 6, 2024 · A new retirement bill passed by the House of Representatives this May has many perks for IRA owners, but one significant drawback for wealthy investors—the … WebApr 12, 2024 · One of the big changes in the SECURE Act was the elimination of the stretch IRA for most non-spouse beneficiaries. It was replaced with the “10-year rule,” which says the inherited IRA (or...
New Tax Rules in SECURE Act to Affect IRA Fund Beneficiaries - AARP
WebMar 3, 2024 · Elimination of the Stretch IRA: Update for Owners and Beneficiaries March 3, 2024 Q: When was the Stretch IRA eliminated? A: As a result of the 2024 SECURE … WebJul 18, 2024 · An editorial in The Wall Street Journal criticizing the elimination of the “stretch IRA” in the Secure Act retirement bill is sparking a lively debate among retirement industry officials. The... fj azalea
The Stretch IRA Is About To Snap Under the Secure Act
WebMar 8, 2024 · A stretch IRA was an estate planning strategy that extended the tax-deferred benefits of an IRA inherited by a non-spouse beneficiary. The beneficiary had to take … WebJun 12, 2024 · This is the New Stretch IRA. If your heir will just sit on that IRA, it is likely to at least double in size over the next decade. It's not the same stretch IRA we used to have, but it still beats no stretch IRA at all. Change # 2 You Have To Withdraw All the Money By Year 10. Here is the Stretch IRA change all the headlines above are bemoaning. WebJan 7, 2024 · A stretch IRA was an estate planning strategy that extends the tax-deferred status of an inherited IRA when it is passed to a non-spouse beneficiary. Using the stretch strategy, an IRA could be passed on from generation to generation while beneficiaries enjoyed tax-deferred and/or tax-free growth. fjaz.oa