By Sidney Kess and Julie Welch
The CPA Journal
April 2020
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 planning, especially retirement planning with IRAs and employer-sponsored plans. Among the provisions attracting the most attention is the curtailing of “stretched” inherited retirement assets.
While the SECURE Act eliminates the stretch for most beneficiaries, this article will discuss how the stretch opportunity remains intact for the plan participant’s surviving spouse.
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Published with permission from The CPA Journal.
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