The stretch IRA is dead. But what does that mean for you, your IRA, and your beneficiaries?

When the Secure Act was introduced in January 2020, it killed off the “stretch” IRA, leaving many people wondering how best to manage their inheritance assets. If you’re concerned about what all of this means for you and you have a lot of questions about how the new rules will affect your retirement plan and beneficiaries, you’re in the right place.

In this episode of the Secure Your Retirement podcast, we’re taking a look at what happened to the stretch IRA and how it’s changed inheritance planning. We also cover some of the alternatives to the stretch, including life insurance and Roth conversions.

In this episode, find out:

• What happened to the stretch IRA
• What the new rules are on using an IRA for inheritance planning
• What to consider when withdrawing from an IRA inheritance fund
• How to manage your inheritance now that the stretch IRA is gone
• How Roth conversions and life insurance can replace the stretch IRA

Tweetable Quotes:

“Because of the Secure Act, your RMD has been pushed to age 72” – Murs Tariq

“For a non-spouse beneficiary…they have to have the money out of the IRA within 10 years” – Radon Stancil

Important Links & Mentions

• Text our hotline: 984-207-1753

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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