Secure Act
Learn how the SECURE Act impacts estate planning for retirement accounts. Understand new inheritance rules, required distributions, and trust strategies for ...
How does the SECURE Act change what happens when I inherit my parent's IRA?
The SECURE Act eliminated the "stretch IRA" for most beneficiaries, requiring non-spouse heirs to withdraw all inherited IRA funds within 10 years instead of spreading distributions over their lifetime. This accelerated timeline can push beneficiaries into higher tax brackets and significantly reduce the tax-deferred growth potential. Surviving spouses and certain other eligible designated beneficiaries like minor children still qualify for the old stretch rules, but most adult children and grandchildren must now empty inherited retirement accounts much faster.
