Episode 81: How The SECURE Act Changed Inherited IRAs
Episode description
Are you aware of all of the changes that the SECURE Act brought about? How does that potentially change your financial plan right now? We’ll answer those questions and more on today’s episode.
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-81-how-the-secure-act-changed-inherited-iras/
Today's show schedule:
0:32 - The SECURE Act was supposed to be the big financial news.
2:45 - What happens when you inherit an IRA?
3:40 - The first category of beneficiary is the surviving spouse.
4:21 - Who is included in the category of eligible designated beneficiary?
7:16 - Who has to take out the money within ten years or less?
9:47 - What’s the biggest unintended consequence?
12:38 - When should you talk to your advisor?