In February, the Internal Revenue Service proposed new rules for retirement accounts. A new 10-year payout rule for inherited IRAs was introduced in the 2019 Secure Act, which changed the rules on inherited IRAs. Previously, inheritors of an IRA, Roth IRA, or 401(k) could spread withdrawals over their lifetime.
Tag: inheritance
Tips For Leaving An Inheritance
It is common for us to want to leave something behind to our heirs, but what is the best way to leave an inheritance and can we even afford to do so?
