What Happens When You Can't Stretch Anymore
Submitted by BCR Wealth Strategies on June 30th, 2020
The SECURE Act has taken away the ability to stretch an inherited IRA out over someone’s lifetime. What happens when you lose your flexibility?
In the case of inheriting a Traditional IRA, you are required to concentrate your tax liability. The new law requires you to distribute all assets from the inherited account within 10 years.