You may have read about the SECURE Act, which passed Congress as part of its December, 2019, budget bill. We’ve written about it in our newsletter (more than once, in fact). Many of our clients are still having a hard time figuring out exactly what it means.
The new law is confusing — and significantly reduces the value of most inherited IRAs (and 401(k)s). One indication of the reduction in value: the IRS predicts that the new law will generate over $16 billion in tax revenues.
Yes, we’ve written about it before. Now we want to talk about it. Join us for our Secure Act – Podcast edition. We’ll try to explain how it might affect your IRA/401(k).