secure acts 10 year rule brings new planning opportunities By now, most IRA owners have heard the bad news. The SECURE Act eliminates the stretch IRA for the majority of beneficiaries who inherit in 2020 or later. Instead, for most, a 10-year payout rule will apply. Here is how this new rule works …
The Secure Act killed the stretch IRA — here are alternatives for your inheritance
The Secure Act killed the stretch IRA — here are alternatives for your inheritance Life insurance, taxable investment accounts and charitable trusts are just a few options Individual retirement account holders may have been quite surprised — perhaps unpleasantly — when new retirement legislation …
Tactics for Stretching Retirement Assets under the SECURE Act
Tactics for Stretching Retirement Assets under the SECURE Act The Setting Every Community Up for Retirement Enhancement (SECURE) Act, signed into law by President Trump on December 20, 2019, as part of funding legislation for the federal government, has many provisions relating to financial …
Converting a Traditional IRA to a Roth Before or During Retirement
Converting a Traditional IRA to a Roth Before or During Retirement It doesn’t always make sense to convert a traditional IRA to a Roth IRA. Your current and projected tax rate is often a main component of the decision, but there are other issues at play. Converting a traditional IRA to a …
How Does COVID-19’s Low-Interest Environment Affect Existing Insurance Policies?
How Does COVID-19's Low-Interest Environment Affect Existing Insurance Policies? The interest rates on loans, including bonds, are at an unbelievable low due to the global pandemic. This will affect your client’s existing policies. Below, I break out general account products (whole life …